friction we investigate is related to the ownership of children. If parents have no claim on their children's income, then the …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … to children. Using the efficiency concepts proposed in Golosov, Jones, and Tertilt (2007), we find that whenever the …

children born to less educated and minority mothers are more likely to be exposed to pollution in utero and that white, college …

. The underlying causal mechanisms for such effects remain unsettled. We consider a model in which parents impose more … stringent disciplinary environments in response to their earlier-born children's poor performance in school in order to deter … such outcomes for their later-born offspring. We provide robust empirical evidence that school performance of children in …

enrollment among children that parents reported wanting to remain home at baseline. Children that parents want to migrate have … increased enrollment, and parents want more children to migrate … determinant of well-being for the elderly. Most parents want at least one adult child to remain at home (e.g., so they can work on …

This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills … investment in children compared to later remediation. We establish nonparametric identification of a general class of production … targeting of interventions to children with different parental and personal birth endowments. Substitutability decreases in …

In this paper we study the process of children's skill formation. The identification of this process is challenging … because children's skills are observed only through arbitrarily scaled and imperfect measures. Using a dynamic la- tent factor …. Moreover, we find that the marginal productivity of early investments is substantially higher for children with lower existing …

The stylized fact that individuals who come from families with more children are disadvantaged in the schooling process … children's educational achievement might be spurious. We extend these recent analyses of spuriousness versus causality using a … sibship size on children's private school attendance and on their likelihood of being held back in school. Specifically, we …

low-income parents than existing U.S. tax policy. It also increases the probability that low-income children move up the …Empirical research suggests that parents' economic resources affect their children's future earnings abilities. Optimal …