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Creators/Authors contains: "Berry, James"

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  1. We conduct two experiments to identify the value parents place on equality of opportunity when investing in children. The experiments exogenously vary short-run returns to educational investments to identify the weight placed on equalizing “opportunity” (child-level investment) relative to maximizing “returns” (total household earnings) or to equalizing “outcomes” (child-level expected earnings). While parents in both experiments place some weight on maximizing returns, they also display a strong preference for equalizing opportunities and are willing to forgo 15–45 percent of their earnings to do so. Parents in higher-income countries also care about equalizing outcomes, while parents in lower-income countries do not. (JEL D63, J12, J13, O15) 
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    Free, publicly-accessible full text available July 1, 2026
  2. null (Ed.)