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America Counts: Stories Behind the Numbers
Generational Wealth: How High Earners Help Their Children’s Careers
Parents help their children with many things, but to what extent do they help them find a job?
Working for a parent’s employer leads to a 24% increase in earnings at a young worker’s first job compared to those hired without a parental connection. Three years later, individuals who began their careers where their parents work earned 20% more than their peers who did not.
Matthew Staiger, a Harvard Opportunity Insights researcher, used data from the U.S. Census Bureau’s Longitudinal Employer-Household Dynamics program and 2000 Decennial Census to reveal how workers can benefit from their parents’ employment connections.
The Census Bureau and Harvard University have collaborated through Harvard’s Opportunity Insights, which uses Census Bureau data to study economic mobility including the creation of the Opportunity Atlas.
Continue reading to learn more about parental employment connections and benefits.
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