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of Sweden in 2000, we estimate the effect of education on stock market participation and risky asset holdings. We find …
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Risk-taking behavior is highly correlated between parents and their children; however, little is known about the extent to which these relationships are genetic or determined by environmental factors. We use data on stock market participation of Swedish adoptees and relate this to the investment...
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talented or more able but that, even in relatively egalitarian Sweden, wealth begets wealth. …
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