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Economists have found that a year of additional schooling for a woman in a low-income country is associated with a 5 to 10 percent reduction in her child’s likelihood of dying in the first five years of life.
Charles Wheelan • Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
an unmarried, low-income, undereducated teenage mother from a black neighborhood who has a distinctively black name herself.
Steven D. Levitt • Freakonomics Rev Ed
This belief in the S-shape means that unless parents are unwilling to treat their children differently from one another, it makes sense for them to put all their educational eggs in the basket of the child they perceive to be the most promising, making sure that she gets enough education, rather than spreading the investment evenly across all their
... See moreAbhijit V. Banerjee • Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Family Wealth: Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations (Bloomberg Book 34)
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Harpers ran an article in 1887 about a “typical” American worker and his family, who had a pleasant house and garden in Brooklyn. The father was a carpenter, averaging $900 per year, close to the top of the scale a carpenter could expect. His two daughters and his son lived at home, and all were employed. The girls worked in a straw hat factory,
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
he employed a German governess for his first two sons, Freddie and Charles.