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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)more » « lessFree, publicly-accessible full text available July 1, 2026
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Winstanley, Erin L.; Thacker, Emily P.; Choo, Lyn Yuen; Lander, Laura R.; Berry, James H.; Tofighi, Babak (, Drug and Alcohol Dependence Reports)
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Mahoney, James J.; Winstanley, Erin L.; Lander, Laura R.; Berry, James H.; Marshalek, Patrick J.; Haut, Marc W.; Marton, Jennifer L.; Kimble, Wesley D.; Armistead, Matthew; Wen, Sijin; et al (, Addictive Behaviors)null (Ed.)
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Lander, Laura R.; Zheng, Wanhong; Hustead, Jeremy D.; Mahoney, James J.; Berry, James H.; Marshalek, Patrick; Winstanley, Erin L. (, Journal of the Neurological Sciences)
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