Parental human capital and endowments may affect children's human capital, which in turn may affect children's earning and occupations and thus affect social mobility. This paper focuses on what we know about these possible links in low- and middle-income countries. It starts with definitions of...

This Element reviews what we know about parental investments and children's human capital in low-to-middle-income countries (LMICs). First, it presents definitions and a simple analytical framework; then discusses determinants of children's human capital in the form of cognitive skills,...

The paper analyzes the recently initiated Financial Assistance Plan (FAP) of Government of Botswana within the framework of the incentives created for a profit-maximizing firm. The results suggest that it is very difficult to devise indirect second-best policies if there is considerable...