We study the intergenerational transmission of time preferences in a setting without reverse causality concerns. We find substantial transmission of patience from parents to children, which is insensitive to the inclusion of comprehensive sets of administratively reported controls and persists...

We study the interplay between parental and peer socialization in shaping criminal behavior among adolescents. We develop a simple cultural transmission model where parents affect how society influences their children's decisions. The model predicts that parental and peer socialization are...

Looking at the earnings profiles of men and women after their first child is born, a number of studies establish that women suffer a larger penalty in earnings than men–a child penalty. Leveraging randomness in the sex of the first birth, we show that the child penalty in the UK is larger when...