In 1998 the Norwegian government introduced a program that increased parents' incentives to stay home with children … under the age of three. Many eligible children had older siblings, and we investigate how this program affected long … not by changes in family income or father's labor force participation. …

In 1998 the Norwegian government introduced a program that increased parents’ incentives to stay home with children … under the age of three. Many eligible children had older siblings, and we investigate how this program affected long … not by changes in family income or father’s labor force participation …

More able parents tend to have more able children. While few would question the validity of this statement, there is … estimated elasticity of intergenerational transmission of income of approximately .2. -- Ability ; intergenerational mobility …