Table 2.
Regression of GPA Rank on Grandparents’ Wealth and Control Variables.
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
|---|---|---|---|---|---|---|---|---|
| GPs’ net worth rank | 0.2342*** | 0.2255***† | 0.1736***† | 0.1595***† | 0.1510***† | 0.1191***† | 0.1022*** | 0.1183*** |
| GPs’ education value, rank | 0.1641*** | 0.1202*** | 0.1046*** | 0.0702*** | −0.0349*** | −0.0363*** | ||
| GPs’ occupation value, rank | 0.0824*** | 0.0775*** | 0.0504*** | 0.0506*** | 0.0414*** | |||
| GPs’ ln perm. income, rank | 0.0487*** | 0.0414*** | 0.0122 | 0.0352*** | ||||
| GPs’ net worth rank squared | 0.0161 | |||||||
| GPs’ education value, rank squared | 0.1214*** | 0.1228*** | ||||||
| GPs’ occupation value, rank squared | −0.0108 | |||||||
| GPs’ ln perm. income, rank squared | 0.0224 | |||||||
| Gender, immigration, birth years, deaths | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| GP divorced/es | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| GP fixed effect | Yes | Yes | Yes | |||||
|
| ||||||||
| # Individuals | 1,010,584 | 1,010,584 | 1,010,584 | 1,010,584 | 1,010,584 | 1,010,584 | 1,010,584 | 1,010,584 |
| # Cousin FE | 448,931 | 448,931 | 448,931 | |||||
| Adjusted R2 | 0.1432 | 0.1462 | 0.1697 | 0.174 | 0.1753 | 0.086 | 0.0864 | 0.0863 |
Note: Statistical significance levels at p<.05,
p<.01,
p<.001 based on two-tailed tests, standard errors adjusted for clustering within patrilineal grandparents.
Coefficient statistically different from previous model with p <.05 (test only conducted for GP net worth). C = children, P = parents, GP = grandparents. Ranks are continuous and vary between 0 and 1.