The Impact of the Level and Timing of Parental Resources on Child Development and Intergenerational Mobility
研究了父母资源的时间轨迹如何影响儿童发展，发现青春期新技能的出现使资源时机至关重要，且终身收入比瞬时收入更能预测代际影响。
This study explores relationships between parental resource trajectories and child development and their implications for intergenerational mobility. By modifying the child skill formation technology to incorporate new skills emerging during adolescence, we analyze the importance of the timing of family resources on life outcomes, educational attainment, and participation in crime. Parental financial resources partially offset deficiencies in nonpecuniary inputs to children’s human capital. Estimates of the intergenerational influence on child outcomes are strongly influenced by the choice of lifetime versus snapshot parental income measures. The most predictive ages of children when family resources are measured vary by the outcome analyzed.