Routes to the Top
利用德国社会经济调查和富人数据，研究发现创业、自雇与继承大额公司资产的组合是进入收入、财富前1%的最重要预测因素，顶层群体主要由代际企业家构成。
ABSTRACT Who makes it to the top? We use the leading socio‐economic survey in Germany, supplemented by extensive data on the rich, to answer this question. We identify the key predictors for belonging to the top 1 percent of income, wealth, and both distributions jointly. Although we consider many, only a few traits matter: Entrepreneurship and self‐employment in conjunction with a sizable inheritance of company assets is the most important covariate combination across all rich groups. Our data suggest that all top 1 percent groups, but especially the joint top 1 percent, are predominantly populated by intergenerational entrepreneurs.