We analyze how intergenerational mobility and inequality would change relative to the status quo if dynasties had access to optimal insurance against low ability of future generations. Based on a dynamic, dynastic Mirrleesian model, we find that insurance against intergenerational ability risk...

There has been a resurgence in right wing and populist politics in recent years. A common element is a focus on immigration, an increase in anti-immigrant rhetoric, and the vilification of minorities. This in turn has the potential to lead to increases in societal hostility towards immigrants....

During COVID school closures, learning become mostly restricted to young people who had internet access at home. This paper examines internet access in India using National Sample Survey 2017-18. It probes the extent of inequality in young people's internet access across gender, caste, religion,...

This paper is a review of the literature in economics up to the early 1980s on the issue of estimating the earnings return to schooling and labor market experience. It begins with a presentation of Adam Smith's (1776) analysis of wage determination, with the second of his five points on...

Disparities in length of schooling between the largest Muslim minority in China, the Hui, and the Han majority are investigated. We use household data collected in Ningxia autonomous region in 2007. It is found that compared with Han persons of the same age and gender, Hui persons have shorter...

Using the 2003–2019 American Time Use Survey, we examine how living with a parent who has a work-limiting disability is related to teenagers' time allocation. For girls, we find that living with a disabled parent is associated with less time spent on educational activities, including both...

This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...

We examine how the gender of a sibling affects earnings, education and family formation. Identification is complicated by parental preferences: if parents prefer certain sex compositions over others, children's gender affects not only the outcomes of other children but also the very existence of...

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...