The macroeconomic consequences of large-scale early childhood development policies depend on intergenerational dynamics, general equilibrium (GE) effects on labor and capital markets, and the deadweight loss of raising taxes to finance the policies.

Studies of intergenerational mobility have largely ignored health despite the central importance of health to welfare. We present the first estimates of intergenerational health mobility in the US by using repeated measures of self-reported health status (SRH) during adulthood from the PSID.

Childhood obesity has adverse health and productivity consequences and poses negative externalities to health services. Its increase in recent decades can be traced back to unhealthy habits acquired in the household.


The Oxford Series on Human Capital and Economic Opportunity will present state-of-the-art research from a variety of perspectives on the problems of opportunity, human flourishing, and public policy. Volumes in the series will be grouped in accordance with these themes and will be based on the work of HCEO members. In some cases, the volumes will contain research first presented at HCEO conferences, and in others will contain specially commissioned research. The series is published by the Oxford University Press.