This paper examines if the effect of parental labor market shocks on child development depends on the age of the child at the time of the shock. To address this question, we leverage rich Norwegian population-wide register data and exploit mass layoffs and establishment closures as a source of...

There is massive cross-sectional evidence that children of more educated parents outperform their schoolmates on tests, grade repetition and in educational attainment. However, evidence for causal interpretation of this association is weak. Within a rich census level data set for Norway, we...

What do the education premiums look like over the life cycle? What is the impact of schooling on lifetime earnings? How does the internal rate of return compare with opportunity cost of funds? To what extent do progressive taxes attenuate the incentives to invest in education? This paper...

This paper provides evidence on the returns to schooling in current and lifetime earnings. We use these results to assess the importance of life-cycle bias in earnings regressions using current earnings as proxy for lifetime earnings. To account for the endogeneity of schooling, we apply three...