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Rich parents have rich children. Why is that the case?
The children of rich families tend to differ from their poorer peers in multiple ways. They have fewer siblings and more educated parents. Their parents spend more time with them and send them to better quality schools. Their cognitive skills are higher, and they complete more years of schooling. All of these channels have been found to affect an individual’s earnings (Blanden et al. 2007, Keane and Wolpin 2001, Cunha and Heckman 2008, Daruich and Kozlowski 2020). However, in order to design policies to improve intergenerational mobility, we need to understand how these channels interact with each other in generating correlations in lifetime income across generations. ....

United States , National Child Development Study , International Economic , Earned Income Tax Credit , Economic Journal , Intergenerational Elasticity , Human Resources , Economic Perspectives , Economic Dynamics , American Economic Review , International Economic Review , Development Economics , ஒன்றுபட்டது மாநிலங்களில் , தேசிய குழந்தை வளர்ச்சி படிப்பு , சர்வதேச பொருளாதார , சம்பாதித்தார் வருமானம் வரி கடன் , பொருளாதார இதழ் , மனிதன் வளங்கள் , பொருளாதார முன்னோக்குகள் , பொருளாதார இயக்கவியல் , அமெரிக்கன் பொருளாதார விமர்சனம் , சர்வதேச பொருளாதார விமர்சனம் ,