Stress and Intergenerational Correlations in Human Capital
| 1 | 2 | 3 | |
|---|---|---|---|
| Dependent Variable = Ln(Offspring Education) | |||
| Ln(maternal education) | 0.122 [0.0243] | 0.119 [0.0240] | 0.0958 [0.0257] |
| Ln(maternal education)*high cortisol | — | — | 0.131 [0.0559] |
| High (top quintile) prenatal cortisol | — | −0.0202 [0.0100] | −0.326 [0.134] |
| Ln(maternal education)*cortisol | — | — | — |
| Cortisol | |||
| Constant | 2.279 [0.0654] | 2.272 [0.103] | 2.346 [0.108] |
| Observations | 981 | 981 | 981 |
| R-squared | 0.194 | 0.198 | 0.205 |
| Sample | Full | Full | Full |
| Full controls | Y | Y | Y |
| Maternal FE included | N | N | N |
Notes: Robust standard errors in brackets.
Full controls include all controls listed in Table 3, Panel A.
One percent increase in maternal education leads to a 0.122 percent increase in offspring education.
If highly stressed, 1 percent increase in maternal education leads to a 0.22 percent increase in offspring education.