Parents' Investments in Education Directly Impact Children's Future Earnings
The article explores how parents' earnings affect their children's education. It looks at how much parents spend on their kids' education compared to other expenses. The study suggests that the more parents invest in education, the higher their children's future wages will be. The research also shows that government support for education can impact the balance between fairness and efficiency in society. Ultimately, the study sheds light on how education influences productivity.