Median income was still pretty shitty in the 1830s. Today serious private wealth means connections, access to unpaid internships etc.
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So it could be more important now than it was in the 1830s, at least for - and perhaps because of - higher levels of absolute wealth
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It could. Or it could not. Evidence needed. Here's two more for you: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4180846/ … https://academic.oup.com/qje/article/131/2/687/2606947/Wealth-Health-and-Child-Development-Evidence-from …
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Is this the same as the NBER paper of the same historical event from 2013 or so?
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Think so.
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One question: Would Donald Trump be president were it not for the fact that his grandfather made it rich as a Klondike pimp?
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Trump has really hijacked some people's brains! It's impossible for them to think abt anything w/o relating it to the president.
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Fortunately, there is a solution for these kind of things called "mute", which I've just successfully used.
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Oh good, then you won't see me post this quote of you pondering the moral ramifications of raping unconscious children....pic.twitter.com/iLC54FlYzD
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This is a fascinating data set. The old saying in the US is: "shirtsleeves to shirtsleeves in three generations."
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You are making some really specious inferences here. In the 1830s, educational attainment wasn't as crucial to success as it is today.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Yeah, this study about the 1830s is reeeeaaallly.....applicable to society today. riiiiiiight.
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Would have been critical of a positive finding?
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Yet the still believe in Marx long debunked econ theories...
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Neoclassical economics was debunked by the S&L crisis, Japan's "Lost Decade," the subprime mortgage crisis etc., etc., etc.
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