8304

A powerful example: A father's 'wealth' goes beyond the bank

Sons of fathers who are financially successful typically do pretty well themselves. But BYU research says brains trump bucks and the "human capital" intangibles dad passes on are more important than money to building that success. There's much more involved than a financial head start.

The findings of the study, which included American and Swedish researchers, are published in the Journal of Political Economy.

The researchers started with the "known fact, the correlation between incomes of fathers and sons," said David Sims, Brigham Young University associate professor of economics and one of the authors.

Read the rest of this story at ldschurchnews.com
Comments and feedback can be sent to feedback@ldsliving.com