Paul J. Devereux
UNIVERSITY COLLEGE, DUBLIN. Research Fellow. Research focuses on human capital formation, implicit contracts, nominal wage rigidity, and wage inequality.

How Does Wealth Beget Wealth? Evidence from Sweden

August 4, 2020

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The Issue:

Wealthy parents tend to raise children who grow up to be wealthy, just as children whose parents have few assets are likely to possess little wealth in adulthood. However, little is known about the extent to which this relationship is determined genetically, by environmental

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