Studies document large differences in the amount of time mothers spend in childcare by maternal education, even when controlling for characteristics such as income, employment hours, and work schedules. One possible explanation for this observed difference is that highly educated mothers find...

The foundations for successful child development are established in early childhood. Two main policy approaches for strengthening these foundations have been subsidized preschool programs and programs targeting the home environment. Our chapter reviews a large body of empirical work...

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation and investor behavior as adults. The analysis is made...