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Persistent link: https://www.econbiz.de/10011595730
Does the lack of wealth constrain parents' investments in the human capital of their descendants? We conduct a fifty …-year followup of an episode in which such constraints would have been plausibly relaxed by a random allocation of wealth to families … participation among adult white males. Winners received close to the median level of wealth - a large financial windfall orthogonal …
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at the time of the shock. To address this question, we leverage rich Norwegian population-wide register data and exploit …
Persistent link: https://www.econbiz.de/10013390948
at the time of the shock. To address this question, we leverage rich Norwegian population-wide register data and exploit …
Persistent link: https://www.econbiz.de/10013414973
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to income shocks and, in particular, how household wealth and human capital affect the households' ability to smooth … have members with higher education levels. Wealth effects are more pronounced in rural areas, while education effects are …
Persistent link: https://www.econbiz.de/10012778958
This paper uses the GSOEP to analyze the impact of German reunification on financial transfers from parents to their adult children. A difference-in-differences approach is applied to estimate probability and amount of transfers. The analysis indicates that, across time, Easterners are less...
Persistent link: https://www.econbiz.de/10010495308
Does personal wealth translate into political power, and does it influence the ideology of officeholders? This paper … investigates the role of personal wealth in politics using the 1805 Georgia land lottery as a natural experiment. Matching lottery … legislature. I find that lottery wealth significantly reduces legislators' support for slavery legislation, and find no evidence …
Persistent link: https://www.econbiz.de/10014142964