Bolt, Uta; French, Eric; Hentall-MacCuish, Jamie; … - 2021
earnings (IGE) is explained by differences in: years of schooling, cognitive skills, investments of parental time and school …’s earnings. Of these channels, we show that the main driver of the IGE is increased levels of parental investments received by … children of high income parents early in their lives, which encourages greater cognitive development and lifetime earnings. …