Better-educated parents generally have children who are themselves better educated, healthier, wealthier, and better off in almost every way than the children of the less educated. But this simple correlation does not prove that the relationship is causal. Neeraj Kaushal sifts through the evidence from economics and public policy and reviews large…

We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, as their response largely determines the impact of credit…

Today's literacy crusade still emphasizes economic rather than humanistic reasons for literacy education. However, lasting change will come only through breaking the familial cycle of illiteracy, integrating improvement of work-based, family, and generic learning skills. (SK)

This document explores selected issues related to connecting welfare reform initiatives and the literacy movement and provides basic information about literacy education and its economic impact. Literacy is defined, and similarities and differences between adult basic education, adult secondary education, and English-as-a-Second-Language programs…