Beyond Parental Wealth: Grandparental Wealth and the Transition to Adulthood.

ABSTRACT: This study considers the multigenerational consequences of wealth transmission for the transition to young adulthood. Using a wider set of outcomes than has previously been considered, and by analyzing parental and grandparental wealth simultaneously, this work underscores the salience of multiple generations of wealth as a predictor for young adult well-being. Data comes from the US Panel Study of Income Dynamics on a sample of youth followed from mid-adolescence until the age of 20. Results from linear regression models indicate that parental wealth was associated with increases in the probability of college attendance and steady employment and inversely associated with the likelihood of nonmarital birth and idleness. Grandparental wealth predicted non-educational outcomes at least as we

SUBMITTER: Zang E 

PROVIDER: S-EPMC10810034 | biostudies-literature | 2024 Feb

REPOSITORIES: biostudies-literature