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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 …
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Individuals' socioeconomic status (SES) is positively correlated with their health status. While the existence of this gradient may be uncontroversial, the same cannot be said about its explanation. In this paper, we extend the approach of testing for the absence of causal channels developed by...
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Much has been said about the stylized fact that the economically successful are not only wealthier but also healthier than the less affluent. There is little doubt about the existence of this socio-economic gradient in health, but there remains a vivid debate about its source. In this paper, we...
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