Wealth, Health, and Child Development: Evidence from Swedish Lottery Players
<i>our findings suggest that in affluent countries with extensive social safety nets, causal effects of wealth are not a major source of the wealth-mortality gradients, nor of the observed relationships between child developmental outcomes and household income</i><p>Pretty much the same as in the 19th century US:<p><i>Sons of winners have no better adult outcomes (wealth, income, literacy) than the sons of non-winners, and winners&#x27; grandchildren do not have higher literacy or school attendance than non-winners&#x27; grandchildren. This suggests only a limited role for family financial resources in the transmission of human capital across generations and a potentially more important role for other factors that persist through family lines.</i><p><a href="https:&#x2F;&#x2F;www.nber.org&#x2F;papers&#x2F;w19348" rel="nofollow">https:&#x2F;&#x2F;www.nber.org&#x2F;papers&#x2F;w19348</a>