Careers, Parents, and the 1%
December 2, 2011 7:26 AM Subscribe
Your parents have a huge influence on your future career. A single chart from the Journal of Labor Economics shows how much the top 1% benefit from their parent's success and networks (Results are from Canada, but the same is observed elsewhere). Nepotism is a very common phenomenon, and explains part of why income mobility between generations can be such a problem. Beyond the importance of parental networks and money, however, there is evidence that our genes influence our career choices, including whether you become an entrepreneur.
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