families who currently invest in their children's education by residing in expensive neighborhoods. Under both policies, higher … provision. We find that low-income families prioritize proximity to schools while high-income families and families with high … for the average low-income family. Although eligible families benefit from these policies, the negative impact falls on …

, which results in families of otherwise similar children receiving substantially different refunds during the first year of … increases young adult earnings by at least 1 to 2 percent, with larger effects for males. These effects show up at earlier ages …'s outcomes. The longer-term effects on child earnings alone are large enough that the transfer pays for itself through subsequent …

of children living in married parent families primarily reflects an increase in non-marital childbearing, not a rise in … contributed to the widening college gap in household income, accentuating widening earnings inequality. These trends have the …

especially education are large but local, while effects on drug possession operate on a much broader scale. Additionally …, unemployment and education are better predictors of outcomes than neighborhood income …

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 …

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 …