This paper investigates parental time investment in children prior to formal schooling as a source of intergenerational … income persistence in the U.S. I develop a dynamic general equilibrium model where lifetime income endogenously persists … including the U.S. income quintile transition matrix. I find that the parental time investment channel accounts for nearly 40 …

effect of teen childbearing. Despite this, there are still reasons to believe that children of teen mothers may do worse as … lower quality. Using Norwegian register data, we compare outcomes of children of sisters who have first births at different … children born to the youngest teen mothers. Unlike previous research, we have information on fathers and find that negative …