When parents are more educated, their children tend to receive more schooling as well. Does this occur because parental … ability is passed on genetically or because more educated parents provide a better environment for children to flourish? Using … an intergenerational sample of families, we estimate on the basis of a comparison of biological and adopted children that …

One would expect that family income is an important positive factor in the school attainment of children. However … implies that high-ability children in low-income families face binding credit constraints that society may wish to relieve. … is transferred genetically to children. This paper considers empirical strategies that control for both observed and …