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dc.contributor.authorFagereng, Andreas
dc.contributor.authorMogstad, Magne
dc.contributor.authorRønning, Marte
dc.date.accessioned2023-08-02T09:17:03Z
dc.date.available2023-08-02T09:17:03Z
dc.date.created2020-11-25T10:12:18Z
dc.date.issued2021
dc.identifier.citationJournal of Political Economy. 2021, 129 (3), 703-756.en_US
dc.identifier.issn0022-3808
dc.identifier.urihttps://hdl.handle.net/11250/3082282
dc.description.abstractWe show that family background matters significantly for children’s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents raising them. The analysis is made possible by linking Korean-born children who were adopted at infancy by Norwegian parents to a population panel data set with detailed information on wealth and socio-economic characteristics. The mechanism by which these Korean- Norwegian adoptees were assigned to adoptive families is known and effectively random. This mechanism allows us to estimate the causal effects from an adoptee being raised in one type of family versus another.en_US
dc.language.isoengen_US
dc.publisherUniversity of Chicago Pressen_US
dc.titleWhy Do Wealthy Parents Have Wealthy Children?en_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.description.versionacceptedVersionen_US
dc.source.pagenumber703-756en_US
dc.source.volume129en_US
dc.source.journalJournal of Political Economyen_US
dc.source.issue3en_US
dc.identifier.doi10.1086/712446
dc.identifier.cristin1852057
dc.relation.projectNorges forskningsråd: 287720en_US
dc.relation.projectNorges forskningsråd: 236921en_US
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.fulltextoriginal
cristin.qualitycode2


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