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Federal Reserve Bank of St. Louis: 'Parents, Patience, and Persistence: A Novel Theory of Intergenerational College Attainment'
February 12, 2025

ST. LOUIS, Missouri, Feb. 12 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-003) on Feb. 3, 2025, by David Fuller and Guillaume Vandenbroucke entitled "Parents, Patience, and Persistence: A Novel Theory of Intergenerational College Attainment."

Here are excerpts:

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We study a model where a single good can be produced using a diminishing-returns technology (Malthus) and a constant-returns technology . . .

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