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Economic mobility beliefs and parental investment: Experimental evidence

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  • Ryan, Rebecca
  • Kalil, Ariel
  • Schneider, Marlis M.
  • Destin, Mesmin
  • Silverman, David
  • Hernandez, Ivan A.

Abstract

Economic theory predicts that parents invest more in children when expected returns are higher. We test whether beliefs about societal economic mobility affect these expectations and subsequent investment decisions. In an online experiment, 997 U.S. parents were randomly assigned to view information emphasizing either upward or downward economic mobility. Parents in the upward mobility condition reported higher perceived returns on investment and invested more time and resources: specifically, they allocated 16% more time to a child-focused task and reported 12% higher willingness to pay for educational resources. Results did not vary by parental income or education.

Suggested Citation

  • Ryan, Rebecca & Kalil, Ariel & Schneider, Marlis M. & Destin, Mesmin & Silverman, David & Hernandez, Ivan A., 2026. "Economic mobility beliefs and parental investment: Experimental evidence," Economics Letters, Elsevier, vol. 267(C).
  • Handle: RePEc:eee:ecolet:v:267:y:2026:i:c:s0165176526002843
    DOI: 10.1016/j.econlet.2026.113090
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