This paper tests some empirical implications of the general human capital model's explanation of rising wage profiles. At the individual level, the model implies that there will be a negative relationship between the initial wage level and wage growth of young, inexperienced workers. At the...

<DIV>How do parents allocate human capital among their children? To what extent do parental decisions about resource allocation determine children's eventual economic success? <BR><BR>The analyses in <I>From Parent to Child</I> explore these questions by developing and testing a model in which the earnings of...</i></div>