, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … importance of the two chapters (7 and 13) for each of our two education groups that differ in both preferences and wage profiles …

We study the intergenerational effects of maternal education on children's cognitive achievement, behavioral problems … substantial intergenerational returns to education. For children aged 7-8, for example, our IV results indicate that an additional … transmit the effect of maternal education to the child, including family environment and parental investments at different ages …

apprenticeships increase wages, and change wage profiles with more growth upfront, while wages in the non-apprenticeship sector grow …

between 1960 and 2000 and explain why previous empirical research had found no positive relationship between initial schooling … two separate margins of primary/secondary and tertiary education. Interestingly, the latter type of schooling proves to be …

education, labour supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children … of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and …

participation. We build an overlapping generations life cycle model with education, labor supply, and consumption/saving decisions …. Cognitive and non-cognitive skills of children depend on the cognitive skills and education of parents, and affect education … be used to fund education, supplementing grants, loans and the labor supply of the children themselves during college …

participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor … education. We find that the current financial aid system in the U.S. improves welfare, and removing it would reduce GDP by 4 …

We study the intergenerational effects of maternal education on children's cognitive achievement, behavioural problems … substantial intergenerational returns to education. For children aged 7-8, for example, our IV results indicate that an additional … may transmit the effect of maternal education to the child, including family environment and parental investments at …

education, labor supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children … of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and …