We show that parental socioeconomic status (SES) is a powerful predictor of many facets of a child's personality. The facets of personality we investigate encompass time preferences, risk preferences, and altruism that are important noncognitive skills, as well as crystallized, fluid, and...

This paper estimates sibling correlations in cognitive skills and non-cognitive skills to evaluate the importance of family background for skill formation. The study is based on a large representative German dataset, which includes IQ test scores and measures of personality (locus of control,...

This paper investigates the role of early life adversity and home resources in terms of competence formation and school achievement based on data from an epidemiological cohort study following 364 children from birth to adolescence. Results indicate that organic and psychosocial risks present in...

Die öffentliche Debatte über "Neue Armut", "Unterschicht" und "Prekariat" hat den Blick darauf gerichtet, dass in der reichen Industrienation Deutschland zunehmend mehr Menschen den sozialen Abstieg fürchten oder bereits kein ökonomisch gesichertes Leben mehr führen.