low-income parents than existing U.S. tax policy. It also increases the probability that low-income children move up the …Empirical research suggests that parents' economic resources affect their children's future earnings abilities. Optimal …

household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the … others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from intra-family … relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling …

household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the … others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from intra-family … relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling …