This paper documents inequality in health and education outcomes by constructing an index of human capital … the expected future human capital of children born today, following the methodology of the World Bank Human Capital Index …

? The answer to this question has important implications for public policy. If shocks reduce investments in children, they … aggregate economic shocks on child schooling and health. It shows that the expected effects are ambiguous, because of a tension … countries, like the United States, child health and education outcomes are counter-cyclical: they improve during recessions. In …

? The answer to this question has important implications for public policy. If shocks reduce investments in children, they … aggregate economic shocks on child schooling and health. It shows that the expected effects are ambiguous, because of a tension … countries, like the United States, child health and education outcomes are counter-cyclical: they improve during recessions. In …