We show that socio-economic status (SES) is a powerful predictor of many facets of a child's personality. The facets of personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We measure a family's SES by the mother's and...

Homework is an important part of the academic production function, but often students are studying while doing another activity. Using the nationally representative Panel Study of Income Dynamics-Child Development Supplement time diaries, this chapter explores changes over the period 1997–2008...

We study the impact of a student's ordinal rank in a high school cohort on educational attainment several years later. To identify a causal effect, we compare multiple cohorts within the same school, exploiting idiosyncratic variation in cohort composition. We find that a student's ordinal rank...

Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...

Studies on the intergenerational transmission of human capital usually assume a one-way spillover from parents to children. But what if children also affect their parents' human capital? Using exogenous variation in education, arising from a Swedish compulsory schooling reform in the 1950s and...

Our focus will be on the role of migration to the United States from a set of important European sending countries as a device for improving the human capital of the children and grandchildren of migrants as measured by their education. In this paper, we derive a new and conceptual more...

While a growing literature has analyzed the effects of parental migration on the educational outcomes of children left behind, this is the first study to highlight the importance of sibling interactions in such a context. Using panel data from the RUMiC Survey, we find that sibling influence on...

Prior empirical research on the theoretically proposed interaction between the quantity and the quality of children builds on exogenous variation in family size due to twin births and focuses on human capital outcomes. The typical finding can be described as a statistically nonsignificant...

While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk, surveys the analytical...

Little is known about the response behavior of parents whose children are exposed to an early-life shock. In this paper we interpret the prenatal exposure of the Austrian 1986 cohort to radioactive fallout from the Chernobyl accident as a negative human capital shock and examine their parents'...