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Yves here. Identifying the various mechanisms by which the rich pass their advantages to their offspring is an important line of inquiry. However, perhaps because it is hard to parse out for analytical purposes, one advantage of growing up in a wealthy household is acquiring class markers. For the British, it’s the posh accents (particularly the ones acquired at public schools) as well as learning skills that are typically expensive to acquire, like riding horses and skiing, or in the US, sailing (the exceptions for people of modest means are living in communities where those are routine activities, so for skiing, living in a mountainous areas, or in a place like New Zealand, where many middle class families sail). In America, another class marker that few members of the PMC seem to have mastered is the easy affability and beautiful manners of those who come from East Coast old money families. ....

United States , New Zealand , United Kingdom , Jamie Hentall Maccuish , Cormac Odea , Sreevidya Ayyar , University College London , Yale University , National Child Development Study , National Child Development , East Coast , Research Assistant , Uta Bolt , Eric French , Microeconomic Analysis , Public Policy , Cormaco Dea , Assistant Professor , Earned Income Tax Credit , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , பல்கலைக்கழகம் கல்லூரி லண்டன் , யேல் பல்கலைக்கழகம் , தேசிய குழந்தை வளர்ச்சி படிப்பு , தேசிய குழந்தை வளர்ச்சி ,