This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills … investment in children compared to later remediation. We establish nonparametric identification of a general class of production … targeting of interventions to children with different parental and personal birth endowments. Substitutability decreases in …

friction we investigate is related to the ownership of children. If parents have no claim on their children's income, then the …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … to children. Using the efficiency concepts proposed in Golosov, Jones, and Tertilt (2007), we find that whenever the …

Do adult children affect the care elderly parents provide each other? We develop two models in which the anticipated … behavior of adult children provides incentives for elderly parents to increase care for their disabled spouses. The …. The "punishment effect" postulates that adult children may punish parents who fail to provide spousal care by not …

We examine how much of an extra dollar of parental lifetime resources will ultimately be passed on to adult children in … discounted values of these responses to permanent income. Our estimates imply that parents pass on between 2 and 3 cents out of … resources of adult children is through transfers and bequests and about 85 percent is through the intergenerational correlation …

two births in families with at least two children, to estimate the effect of additional children on parents' labor supply … differences in the ages of children whose birth was caused by the instruments. The estimates imply that the labor supply …

We develop a new estimator for the process of children's skill formation in which children's skills endogenously … United States, we estimate the technology of skill formation, the process of parental investments in children, and the adult … children with lower existing skills, suggesting the optimal targeting of interventions to disadvantaged children. Our estimates …

will better capture the active role of the emerging autonomous child in learning and responding to the actions of parents …

This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill … development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or … not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill …

strives to partly redress this lacuna on the theory side by introducing three novel political economy mechanisms with …