Agostinelli, Francesco; Ferraro, Domenico; Qiu, Xincheng; … - National Bureau of Economic Research - 2024
This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill … not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill … accumulation, permanently lowering children's skill levels. To the extent that making up for cognitive skill losses during …