• Economics
  • Published 2017

Genetic Ability, Wealth, and Financial Decision-Making

@inproceedings{Barth2017GeneticAW,
  title={Genetic Ability, Wealth, and Financial Decision-Making},
  author={Daniel J. Barth and Nicholas W. Papageorge and Kevin Thom},
  year={2017}
}
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained by higher earnings, but a substantial portion of this association cannot be explained mechanically by income flows or… CONTINUE READING

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