To study long-run large-scale early childhood policies, this paper incorporates early childhood investments into a standard general-equilibrium (GE) heterogeneous-agent overlapping-generations model. After estimating it using US data, we show that an RCT evaluation of a short-run small-scale...

We empirically investigate the link between parental involvement and shaping of the economic preferences, attitudes and personality traits of their children. We exploit information on the risk and trust attitudes, the Big Five personality traits and locus of control of parents and their...

We examine the effect of parental inputs on children's labor market outcome measured by the individual fixed effect in the wage equation and the education level obtained. We explicitly control for parental ability and child care time along with parental education, family disruption,...

This paper analyzes the role of parenting styles, a recent topic in the economic literature. Using a novel latent class model, we investigate which parenting styles can be observed in the data and how parenting styles are related to parents’ socioeconomic status and household composition. We...

In this paper, we provide estimates of the subjectively perceived cost of children depending on the extent of parental time restrictions. Building on a study by Koulovatianos et al. (2009) that introduces a novel way of using subjective income evaluation data for such estimations, we conduct a...

In this paper, we provide estimates of the subjectively perceived cost of children depending on the extent of parental time restrictions. Building on a study by Koulovatianos et al. (2009) that introduces a novel way of using subjective income evaluation data for such estimations, we conduct a...

The share of household resources devoted to different children may depend on each child's gender, birth order, age, or relationship to their caretaker. However, it is challenging to determine whether parents favor certain types of children as consumption data is typically collected at the...

This paper develops a criterion to assess equalization of opportunity that is consistent with theoretical views of equality of opportunity. We characterize inequality of opportunity as a situation where some groups in society enjoy an illegitimate advantage. In this context, equalization of...

This paper studies parental investment in education and intergenerational earnings mobility for father-son pairs with native and foreign born fathers. We illustrate within a simple model that for immigrants, investment in their children is related to their return migration probability. In our...