Longitudinal Survey of Youths which we follow from 16 to 28. We discuss the evolution of family income and ability effects where … component correlated with family income and background variables. We find that the individual cognitive-technical ability … differential prevailing at 16 was increasing with income in the early 80's but much less so in the early 2000's. We find no …

and a social return of 10 percent. Using the number of children younger than age 15 in the household as an exclusion …

and a social return of 10 percent. Using the number of children younger than age 15 in the household as an exclusion …

household characteristics (especially household income). The "true'' intergenerational correlation between schooling attainments … and parents' education (after conditioning on observed and unobserved ability) is found to be quite low. Finally, our …