due to parental death, divorce, and the increasing specialization of parental roles in larger families. All three sources … largely causal. In each case, the parent-child correlation in education is stronger with the parent that spends more time with …

for a given number of children (sibsize). Thus, having a brother may affect child education in two ways: an indirect … indirect effects of a next brother on the first child's education conditional on potential sibsize. We address endogenous …

disadvantaged families have higher rates of disciplinary problems, lower achievement scores, and fewer high-school completions … substantial part because black children are raised in more disadvantaged families …

of costs and returns to education for each individual, based on the assumption that all individuals face the same … borrowing rates. Given costs and returns, one can obtain an optimal wealth-maximizing level of education for each individual …. Differences between actually acquired and wealth-maximizing levels of education can then be calculated, and one can determine …

in place. After a tax reform in 2005 that created strong incentives to retain earnings within businesses, the increase … was massive: accounting for earnings retained in the corporate sector leads to more than doubling of the share of income … of top 0.1% in some years. Furthermore, adjusting for retained earnings stabilizes the composition of the top income …

, teenage childbearing, post-compulsory schooling educational track, adult labor market status, and earnings. We find that … variables (average age, average mother's education) have little impact on the outcomes of teenagers …