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Keywords:parents 

Journal Article
Following in the Family Footsteps

Historically, the phenomenon of children entering their parents' careers ? following in their parents' footsteps ? was perceived as a social ill. It was a sign that the children were trapped by barriers keeping them out of other occupations and relegating them to reliving the work lives of their parents.
Econ Focus , Issue 4Q , Pages 15-17

Journal Article
Passing Along Housing Wealth from Parents to Children

Young adults are more likely to own a home if their parents are homeowners than if their parents are renters. New research reveals how parents owning a home can lead to an increase in the persistence in homeownership across generations. Specifically, homeowner parents are often able to extract the equity value from their home to help their children purchase a home. This “dynastic” home equity enables children of homeowner parents who extract equity to accumulate approximately one third more housing wealth by age 30 than children of renters.
FRBSF Economic Letter , Volume 2022 , Issue 32 , Pages 6

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Benetton, Matteo 1 items

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