Median income was still pretty shitty in the 1830s. Today serious private wealth means connections, access to unpaid internships etc.
Is parental wealth causal for child outcomes? For grand children's? Seems not. Not even in 1830s. https://academic.oup.com/qje/article-abstract/131/3/1455/2461173 …pic.twitter.com/yz6W6sZ5E2
-
-
-
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
-
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 …
End of conversation
New conversation -
-
-
One question: Would Donald Trump be president were it not for the fact that his grandfather made it rich as a Klondike pimp?
- 3 more replies
New conversation -
-
-
Yeah, this study about the 1830s is reeeeaaallly.....applicable to society today. riiiiiiight.
-
Would have been critical of a positive finding?
- 1 more reply
New conversation -
-
-
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
-
-
-
This is a fascinating data set. The old saying in the US is: "shirtsleeves to shirtsleeves in three generations."
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.