Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …

causal effect of family size on children's education. Following common practice, a linear IV estimator has been used …, assuming constant marginal effects of additional children across family sizes. We find that the conclusion of no effect of …

allowing the marginal effects on children’s outcomes of an increase in family income to vary across the income distribution …. Our nonlinear IV and fixed-effect estimates show an increasing, concave relationship between family income and children …

causal effect of family size on children's education. Following common practice, a linear IV estimator has been used …, assuming constant marginal effects of additional children across family sizes. We find that the conclusion of no effect of …

allowing the marginal effects on children's outcomes of an increase in family income to vary across the income distribution …. Our nonlinear IV and fixed-effect estimates show an increasing, concave relationship between family income and children …

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …