SHOCKING BEHAVIOR: RANDOM WEALTH IN ANTEBELLUM GEORGIA AND HUMAN CAPITAL ACROSS GENERATIONS

Does the lack of wealth constrain parents’ investments in the human capital of their descendants? We conduct a nearly 50-year follow-up of an episode in which such constraints would have been plausibly relaxed by a random allocation of substantial wealth to families. We track descendants of particip...

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Veröffentlicht in:The Quarterly journal of economics 2016-08, Vol.131 (3), p.1455-1496
Hauptverfasser: Bleakley, Hoyt, Ferrie, Joseph
Format: Artikel
Sprache:eng
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