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...

This paper investigates parental time investment in children prior to formal schooling as a source of intergenerational income persistence in the U.S. I develop a dynamic general equilibrium model where lifetime income endogenously persists across generations through multiple channels. My model...

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,...

Macroeconomic analysis of inequality and intergenerational mobility typically abstracts from the role of endogenous childhood development. This paper shows that this omission is not innocuous. It extends the standard general-equilibrium heterogeneous-agent life-cycle model with earnings risk and...

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...

Deutschland steuert seit einigen Jahren auf einen gravierenden Arbeits- und Fachkräftemangel zu. Dabei gibt es nach wie vor erhebliche geschlechtsspezifische Unterschiede bei der Erwerbsbeteiligung. Die Bemühungen, die Erwerbsbeteiligung von Frauen zu steigern, spielen eine zentrale Rolle....

In den meisten Ländern wirkt sich die Geburt eines Kindes negativ auf den Arbeitsmarkterfolg von Müttern aus, insbesondere bei Müttern mit niedrigerem Schulabschluss. In diesem Beitrag werden die Ergebnisse eines Feldexperiments in Deutschland vorgestellt, in dem Familien bei der Bewerbung...

In this paper, I suggest an empirical framework for the analysis of mothers' labor supply and child care choices, explicitly taking into account access restrictions to subsidized child care. This is particularly important for countries such as Germany, where subsidized child care is rationed and...

Children affect the after-birth labor force participation of women in two ways. Directly, the time spent in child-care reduces the labor market effort. The time spent out of the labor market while on maternity leave alters women's participation experience and, thus, indirectly affects subsequent...

In this paper we estimate the causal effect of children on the labor supply of women using panel data on women from the 1979 National Longitudinal Survey of Youth (NLSY79). We examine the effect of children both prior to and after birth as well as how the effect of children varies with the...