We study empirically whether there is scope for parents to shape the economicpreferences and attitudes of their children through purposeful investments. Weexploit information on the risk and trust attitudes of parents and their children, as well as rich information about parental efforts in the...

In the last three decades over a million abortions were performed annually in the United States. Recent empirical studies assess the impact of legalization of abortions on living conditions of children and argue that legalization of abortions provides better living conditions and human capital...

This paper explores the dynamics of female employment decisions around childbearing using longitudinal data from the 2002-2006 Chilean Social Protection Survey (Encuesta de Protección Social, EPS). The study evaluates how the birth of a child can affect the woman’s decision to work. The...

We study the impact of income taxation on intergenerational income correlation. We estimate a life cycle dynastic model and conduct counterfactual analysis to observe the effects of various tax regimes. Compared to a no tax environment, a flat tax regime reduces the correlation only by one...

This paper explores the dynamics of female employment decisions around childbearing using longitudinal data from the 2002 Chilean Social Protection Survey (Encuesta de Protección Social, EPS). The study evaluates how the birth of a child can affect the woman’s decision to work, in particular...

Despite increasing attention being paid to the temporal dynamics of childhood disadvantage, children's neighborhood characteristics are often measured at a single point in time. Whether such cross-sectional measures serve as reliable proxies for children's long-run neighborhood conditions...

We study the impact of income taxation on intergenerational income correlation. We estimate a life cycle dynastic model and conduct counterfactual analysis to observe the effects of various tax regimes. Compared to a no tax environment, a flat tax regime reduces the correlation only by one...

Poor families have more children and transfer less resources to them. This suggests that family decisions about fertility and transfers dampen intergenerational mobility. To evaluate the quantitative importance of this mechanism, we extend the standard heterogeneous agent life cycle model with...

This paper estimates the causal effect of being born to a teenage mother on children's outcomes, exploiting compulsory schooling changes as the source of exogenous variation. We impose external estimates of the direct effect of maternal education on child outcomes within a plausible exogeneity...

How much of income inequality is due to initial opportunities relative to adult income risk? What factors determine intergenerational mobility? We study these questions with particular interest in the impact of two family choices: fertility and transfers. Fertility rates, which are higher for...