The problem with most intergenerational mobility estimates is that unmeasured and inherited abilities prevent us from drawing inferences. In this paper we estimate the intergenerational mobility of schooling and exploit differences between adopted and own birth children to obtain genetically...

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...

In this paper we estimate the impact of parental schooling on child schooling, focus on the problem that children who are still in school constitute censored observations, and evaluate three solutions to it: maximum likelihood approach, replacement of observed with expected years of schooling,...

In this paper we examine the effect of birth order on human capital development in Ecuador using a large national database together with self-collected survey data. Using family fixed effects models we find significant positive birth order effects; earlier born children stay behind in their...