NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Youngmin Park

Bank of Canada
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Ottawa, Ontario
K1A 0G9
Canada

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NBER Working Papers and Publications

March 2015Correlation, Consumption, Confusion, or Constraints: Why do Poor Children Perform so Poorly?
with Elizabeth M. Caucutt, Lance Lochner: w21023
The economic and social mobility of a generation may be largely determined by the time it enters school given early developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for educational attainment and lifetime earnings. After providing new evidence of important differences in early child investments by family income, we study four leading mechanisms thought to explain these gaps: an intergenerational correlation in ability, a consumption value of investment, information frictions, and credit constraints. In order to better determine which of these mechanisms influence family investments in children, we evaluate the extent to which these mechanisms also explain other important stylized facts related to the marginal returns on in...

Published: Elizabeth M. Caucutt & Lance Lochner & Youngmin Park, 2016. "Correlation, Consumption, Confusion, or Constraints: Why Do Poor Children Perform so Poorly?," The Scandinavian Journal of Economics, .

 
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