Grand Advantage: Family Wealth and Grandchildren's Educational Achievement in Sweden.

ABSTRACT: We study the role of family wealth for children's educational achievement using novel and unique Swedish register data. In particular, we focus on the relationship between grandparents' wealth and their grandchildren's educational achievement. Doing so allows us to reliably establish the independent role of wealth in contributing to long-term inequalities in opportunity. We use regression models with rich controls to account for observed socioeconomic characteristics of families, cousin fixed effects to net out potentially unobserved grandparental effects, and marginal structural models to account for endogenous selection. We find substantial associations between grandparents' wealth and their grandchildren's grade point averages (GPA) in the 9th grade that are only partly mediated by the

SUBMITTER: Hallsten M 

PROVIDER: S-EPMC5703428 | biostudies-literature | 2017 Apr

REPOSITORIES: biostudies-literature