about 75 percent of the intergenerational correlation in education is driven by the joint contribution of the parents. We … intergenerational transmission from both parents; a fall compensated by an increase in parent-specific intergenerational transmission …

about 75 percent of the intergenerational correlation in education is driven by the joint contribution of the parents. We … intergenerational transmission from both parents; a fall compensated by an increase in parent-specific intergenerational transmission …

assumptions: there are non-convexities in human capital investments and parents cannot borrow to finance their children …'s education. The model shows that poor and middle-income parents will often find it optimal to channel human capital investments … into a few of their children, thus creating sizable inequalities among siblings. The predictions of the model are …

observed for their parents in terms of some economic statuses (wages, income, work hours, and education). Additionally, we … Panel Study of Income Dynamics’ data we find that married sons imitate their parents’ household disparities more than … married daughters. For parents and their daughter’s family, the similarity in household inequalities is insignificant. The …

observed for their parents in terms of some economic statuses (wages, income, work hours, and education). Additionally, we … Panel Study of Income Dynamics’ data we find that married sons imitate their parents’ household disparities more than … married daughters. For parents and their daughter’s family, the similarity in household inequalities is insignificant. The …

, whose fertility choices are less constrained by the OCP than rich ones, have more children but invest less in human capital … generations as a consequence. Based on nationally representative longitudinal household survey data, our estimation results show …

children, and costs of raising children. We show that the planner's optimal allocations are efficient in the sense of Golosov …

borrowing constraints retard social mobility among the poor by preventing poor parents from investing optimally in the their … children's human capital. This evidence contradicts several recent studies that argue that innate ability is the overriding …