Table A2.

Correlations between Grandparents’ and Parents’ Wealth and SES.

		a	b
A	Ps’ net worth, rank	1
b	GPs’ net worth, rank	0.40	1
		c	d	e	f	g	h	i	j
c	Ps’ financial wealth, rank	1
d	Ps’ home wealth, rank	0.49	1
e	Ps’ real (not home) wealth	0.33	0.14	1
f	Ps’ debt, rank	0.16	0.65	0.16	1
g	GPs’ financial wealth, rank	0.46	0.34	0.19	0.14	1
h	GPs’ home wealth, rank	0.17	0.28	0.03	0.20	0.43	1
i	GPs’ real (not home) wealth	0.12	0.10	0.13	0.08	0.31	0.24	1
j	GPs’ debt, rank	−0.16	0.01	−0.08	0.16	−0.01	0.49	0.22	1
		k	l	m	n	o	p
k	Ps’ financial wealth, rank	1
l	Ps’ net home wealth, rank	0.50	1
m	Ps’ net real wealth, rank	0.47	0.46	1
n	GPs’ financial wealth, rank	0.46	0.34	0.29	1
o	GPs’ net home wealth, rank	0.24	0.28	0.16	0.47	1
p	GPs’ net real wealth, rank	0.17	0.12	0.17	0.37	0.31	1
		q	r	s	t
q	GPs’ net worth, rank	1
r	GPs’ education value, rank	0.33	1
s	GPs’ occupation value, rank	0.34	0.59	1
t	GPs’ perm. income, rank	0.35	0.49	0.39	1

Note: Panels c–j display underlying raw wealth measures, including debt, used to compute the net wealth measures in panels k-p that are used in the regressions. P = parents, GP = grandparents.