The effects of skills achieved in early adulthood—as measured by the Armed Forces Qualifying Test (AFQT) score, the Rotter score, and Deming’s (2017) Social score—are shown to impact education, income, and homeownership levels achieved in later life. Mediation analysis is used to identify...

This paper identifies an important mechanism through which the homeownership gap among racial groups can be narrowed. The effects of skills achieved in early adulthood—as measured by the Armed Forces Qualifying Test (AFQT) score, the Rotter score, and a Social skill score based on Demings...