negative direct effect on mid-childhood and teenage outcomes. But as mothers' work hours increase, income will rise. We ask … whether income can compensate for the negative effect of hours by adopting a novel mediation analysis that exploits exogenous … variation in both mothers' hours and family income in pre-school years. As expected we find a negative direct effect of an …

decline in routine tasks causes major shifts in education investments of high school students, where they invest less in … inequality in the next generation. Low-ability and low-SES students are most responsive to task-biased demand changes and, as a …

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 …

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 …