We empirically investigate the link between parental involvement and shaping of the economic preferences, attitudes and personality traits of their children. We exploit information on the risk and trust attitudes, the Big Five personality traits and locus of control of parents and their...

To study long-run large-scale early childhood policies, this paper incorporates early childhood investments into a standard general-equilibrium (GE) heterogeneous-agent overlapping-generations model. After estimating it using US data, we show that an RCT evaluation of a short-run small-scale...

Macroeconomic analysis of inequality and intergenerational mobility typically abstracts from the role of endogenous childhood development. This paper shows that this omission is not innocuous. It extends the standard general-equilibrium heterogeneous-agent life-cycle model with earnings risk and...

We examine the effect of parental inputs on children's labor market outcome measured by the individual fixed effect in the wage equation and the education level obtained. We explicitly control for parental ability and child care time along with parental education, family disruption,...

In this paper, we provide estimates of the subjectively perceived cost of children depending on the extent of parental time restrictions. Building on a study by Koulovatianos et al. (2009) that introduces a novel way of using subjective income evaluation data for such estimations, we conduct a...

In this paper, we provide estimates of the subjectively perceived cost of children depending on the extent of parental time restrictions. Building on a study by Koulovatianos et al. (2009) that introduces a novel way of using subjective income evaluation data for such estimations, we conduct a...

The share of household resources devoted to different children may depend on each child's gender, birth order, age, or relationship to their caretaker. However, it is challenging to determine whether parents favor certain types of children as consumption data is typically collected at the...

This research estimates by how much the NCS reduces childcare costs for families who use formal childcare in Ireland. The cost 'coverage' of the subsidy, measured by the ratio of the subsidy to the total cost of care, is estimated using the microsimulation model, SWITCH, linked to 2022 data from...

This paper develops a criterion to assess equalization of opportunity that is consistent with theoretical views of equality of opportunity. We characterize inequality of opportunity as a situation where some groups in society enjoy an illegitimate advantage. In this context, equalization of...