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Child abuse and neglect linked to early death in adulthood miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
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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. ....
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. ....