Family ▶️ Education ▶️ Outcomes
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Because family predicts education and would also likely have direct effects and indirect effects through EDU on future outcomes Family related variables, including SES would take up the Lion's share of variance by far.
Reposted from Jesse Bruhn
Suppose you could identify the “causal” family fixed effect and the “causal” school/education fixed effect on long run well-being (eg income, criminal justice contact, health, etc). What do you think is the ratio of the variance they explain on those same long run outcomes?

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