This paper shows that there are large differences in cognitive and socio-emotional development between children from … rich and poor backgrounds at the age of 3, and that this gap widens by the age of 5. Children from poor backgrounds also … face much less advantageous "early childhood caring environments" than children from better off families. For example we …

is explained by student background and subject mix. Based on a simple measure of parental income, we see that students … is competitive to enter, with some universities demanding very high entrance grades. Students specialise early … from higher income families have median earnings which are around 25% more than those from lower income families. Once we …

choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … contributions, distinguishing between papers that use only income data and those that use both income and consumption data. The … and identify the income process or the information set of the individuals. Second, one can assume that the income process …

heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income …

decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each … intergenerational structure of the Panel Study of Income Dynamics. We find that over 60% of shocks to household income are potentially …