Genetic Endowments and Wealth Inequality
研究发现与教育程度相关的基因禀赋能稳健预测退休时的财富水平，且这种关联不能完全由教育和劳动收入解释，还涉及复杂金融决策能力等机制。
We show that genetic endowments linked to educational attainment strongly and robustly predict wealth at retirement. The estimated relationship is not fully explained by flexibly controlling for education and labor income. We therefore investigate a host of additional mechanisms that could account for the gene-wealth gradient, including inheritances, mortality, risk preferences, portfolio decisions, beliefs about the probabilities of macroeconomic events, and planning horizons. We provide evidence that genetic endowments related to human capital accumulation are associated with wealth not only through educational attainment and labor income, but also through a facility with complex financial decision-making.