family background is closely related to educational attainment of white children of immigrants in both countries. Moreover … between children of immigrants and children of natives.Results from counterfactual simulations suggest that incentive …

benefits from investing in education. The results suggest that the effect of an increase in parental income on educational … attainment is modest. For example, a 25 percent increase in parental income is predicted to increase post-secondary education … (PSE) attendance by one percent only. However, our results indicate that financial resources, other than parental income …