Intergenerational Transmission of Human Capital : Is it a One-Way Street?
Studies on the intergenerational transmission of human capital usually assume a one-way spillover from parents to children. However, children may also affect their parents’ human capital. Using exogenous variation in education, arising from a Swedish compulsory schooling reform in the 1950s and 1960s, we address this question by studying the causal effect of children's schooling on their parents’