Eshaghnia, Sadegh; Heckman, James J.; Landersø, Rasmus; … - National Bureau of Economic Research - 2022
of lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life … performance of proxy measures is poor. Parents' expected lifetime resources are stronger predictors of many important child … outcomes (including children's own expected lifetime resources and education) than the income measures traditionally used in …