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Poor Little Rich Kids? The Role of Nature versus Nurture in Wealth and Other Economic Outcomes and Behaviors

Sandra E. Black, Paul J. Devereux, Petter Lundborg, Kaveh Majlesi

NBER Working Paper No. 21409
Issued in July 2015, Revised in May 2019

---- Acknowledgments ----

This paper was previously circulated under the titles, “Poor Little Rich Kids? The Determinants of the Intergenerational Transmission of Wealth” as well as “Understanding Intergenerational Mobility: The Role of Nature versus Nurture in Wealth and Other Economic Outcomes and Behaviors.” The data used in this paper come from the Swedish Interdisciplinary Panel (SIP) administered at the Centre for Economic Demography, Lund University, Sweden. This work was partially supported by the Research Council of Norway through its Centres of Excellence Scheme, FAIR project No 262675. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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