The effect of parental wealth on children’s outcomes in early adulthood
Bibliographic Data
| ID | 12836652 |
|---|---|
| Authors | Eleni Karagiannaki (0000-0003-3648-9242, London School of Economics and Political Science, corresponding author) |
| Year | 2017 |
| Volume | 15 |
| Issue | 3 |
| Pages | 217-243 |
| Publication date | 2017-04-28 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Inequality (JOURNAL) |
| Journal identifiers | ISSN: 1569-1721 • E-ISSN: 1573-8701 |
| Publisher | Springer Science+Business Media (PUBLISHER • DE) |
| DOI | 10.1007/s10888-017-9350-1 |
| OpenAlex | W1562507518 |
| Language | EN |
| Citations received | 21 |
| References cited | 34 |
This paper uses data from the British Household Panel Survey to examine the relationship between parental wealth and three child outcomes in early adulthood. Parental wealth is found to have a very strong positive correlation with children’s degree-level qualification attainment at age 25. This correlation is stronger at below-the-median wealth levels and remains strong after controlling for a wide range of confounding family characteristics. There is also evidence of a positive correlation between parental wealth and children’s employment probability and earnings. However, for both labour market outcomes the parental wealth gradient is rather weak and for the employment outcome the effect is largely mediated by children’s education
British Household Panel Survey · Confounding · Correlation · Demographic economics · Developmental psychology · Earnings · Economics · Educational attainment · Negative correlation · Outcome (game theory · Positive correlation · Positive relationship · demographic modeling and climate adaptation · Demography · Intergenerational and Educational Inequality Studies · Labor market dynamics and wage inequality · Medicine · Psychology · Social Psychology · Finance · Internal Medicine
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The Correlation of Wealth across Generations
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Family Matters
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| Unique citing works | 21 |
|---|---|
| Citations per year | 2,63 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 21 |