The importance of (early) parental investments in children's cognitive and noncognitive outcomes is a question of deep policy significance. However, because parental investments are arguably endogenous, it is a great challenge to empirically estimate their importance. This paper exploits a rich...

The importance of (early) parental investments in children’s cognitive and noncognitive outcomes is a question of deep policy significance. However, because parental investments are arguably endogenous, empirically estimating their importance poses a challenge. This paper exploits a rich and...