Father's brain more valuable than their wallet

Submitted by Broadsword on Fri, 2012-06-22 18:05

Article here. Excerpt:

'Fathers who want successful sons should focus on passing on their advice and worldly wisdom rather than their money, a study suggests.

Although boys with wealthier fathers usually grow up to earn higher-than-average incomes themselves, researchers said their parents' money may not be the deciding factor.

Intelligence, advice, work ethic and other "human capital endowments" which sons inherit from their fathers are more important than money in determining how successful they will be, the experts wrote in the Journal of Political Economy.'

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