Between-family differences in expenditures and output reflect the effect of simultaneous increases in children …'s ability on the willingness of parents to transfer resources to them. Within-family differences also reflect the attitudes of … whether between-family differences exceed within-family differences. For an additive utility, within-family differences in …

Between-family differences in expenditures and output reflect the effect of simultaneous increases in children …'s ability on the willingness of parents to transfer resources to them. Within-family differences also reflect the attitudes of … whether between-family differences exceed within-family differences. For an additive utility, within-family differences in …

of family wealth, which clearly contradicts the predictions of most economic models of resource allocation within the … family …

We develop a tractable general theory for the study of the economic and demographic impact of epidemics. In particular … not only penalized in front of death, they are also penalized in the access to education. Epidemics are modeled as one … mainly rely on orphans: if orphans are more penalized in the access to a high level of education than in front of death, they …

effects of real (as opposed to relative) family income on education have practically vanished between the early 1980's and the … unobserved characteristics, a $300,000 differential in family income generated more than 2 years of education in the early 1980's … early 2000's. After conditioning on a cognitive ability measure (AFQT), family background variables and unobserved …

variation in the effects of highest education of parents on family’s ability to scale poverty, defined as the household’s income …According to the Blacks’ Diminished Return theory, the health effects of high socioeconomic status (SES) are … encompasses residential segregation, low quality of education, low paying jobs, discrimination in the labor market, and extra …