mobility. It shows that when there are many school qualities, the earnings of children as a function of parental schooling …This paper formulates a dynamic altruistic model of parental choice of school quality and intergenerational social … families are stuck in intergenerational poverty trap. The policy implications are also discussed …

We show that, when school quality is measured by the educational standard and attaining the standard requires costly … relatively high cost of effort, who would find the high standards of the public school excessively demanding. With the key …