Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …

the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent …

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker’s rotten kids theorem holds for the … old may leave a bequest to their children. Within each period the three generations play a "game" inspired by Becker …

We review the empirical literature that estimates the causal effect of parent’s schooling on child’s schooling, and …

Immigrant children often face educational disadvantages that stem from their parents' decision-making. For example, in … citizenship or not. We find that the policy caused immigrant parents to (i) send their children to preschool more often; (ii … many immigrant-receiving countries, immigrants are less likely than the native-born to enroll their children in preschool …

intergenerational transmission of education. We test whether education transmission is higher when children enter kindergarten and …

that a public policy that disregards the effects of parental time on children's human capital entails a welfare loss that …

performance and their labor market income. We exploit the within-school, cohort-by-cohort variation in the gender composition of … high school classmates (peers), after controlling for school and teachers fixed effects. We find that male students … performance and change in major. And in the long run it did not produce any difference in income or labor market outcomes. We do …

first-ever field experiment involving the provision of free computers to students for home use. Financial aid students … not large. We also provide some evidence that students initially living farther from campus benefit more from the free … computers than students living closer to campus. Home computers appear to improve students’ computer skills and may increase the …