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Review of Susan E. Mayer, What Money Can’t Buy: Family Income and Children’s Life Chances

Eric A. Hanushek
Published Date: 
Summer 1998
Journal of Policy Analysis and Management
pp. 535-538

It surprises nobody to say that parents are important in guiding children’s lives. Having said that, most people also go on to conclude that there is a systematic relationship such that children of parents with higher socioeconomic status do better in many ways than children from lower socioeconomic families. But what are the implications of that, particularly if one thinks in government policy terms?