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    Opinion | Is Education No Longer the ‘Great Equalizer’?

    As the skill premium and the economic cost of failing to ascend the education ladder rise in tandem, scholars find that adults are adopting differing parental styles — a crucial form of investment in the human capital of their children — and these differing styles appear to be further entrenching inequality. Such key factors as the level of inequality, the degree to which higher education is rewarded and the strength of the welfare state are shaping parental strategies in raising children. In their paper “The Economics of Parenting,” three economists, Matthias Doepke at Northwestern, Giuseppe Sorrenti at University of Zurich and Fabrizio Zilibotti at Yale, describe three basic forms of…

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