Downes, Thomas A.; Figlio, David N. - Tufts University <Medford, Mass.>; University of …; … - 1999
[...]What might account for this link between parentalincome and children’s income? Many economists believethat this relationship is due in large part to differentialhuman-capital investment between high-income andlow-income families. High-income parents can invest inmore (and better)...