{"id":6669630,"date":"2017-03-04T14:05:14","date_gmt":"2017-03-04T14:05:14","guid":{"rendered":"http:\/\/cfe.econ.jhu.edu\/?p=6669630"},"modified":"2024-04-12T14:01:35","modified_gmt":"2024-04-12T18:01:35","slug":"genetics-investment-returns","status":"publish","type":"post","link":"https:\/\/krieger.jhu.edu\/financial-economics\/2017\/03\/04\/genetics-investment-returns\/","title":{"rendered":"Genetics and Investment Returns"},"content":{"rendered":"<p>Fortune magazine is <a href=\"http:\/\/fortune.com\/2017\/02\/28\/rich-gene-billionaire\/\">featuring exciting new genetic research<\/a> by Johns Hopkins researchers. This might not seem so surprising, but we\u2019re pretty sure it\u2019s a first that the genetic research comes from the <a href=\"http:\/\/econ.jhu.edu\">Economics Department<\/a> and concerns investment behavior.<\/p>\n<p>Assistant Professor Nick Papageorge (by general consensus the coolest person on our faculty) along with two of our recent PhDs, <a href=\"https:\/\/sites.google.com\/site\/barthdeconomics\/\">Danny Barth<\/a> of USC and <a href=\"http:\/\/econ.as.nyu.edu\/object\/KevinThom.html\">Kevin Thom<\/a> of NYU, exploited recent advances in polygenic scoring to find that genetic characteristics associated with academic attainment are strongly associated with what seem to be more reasonable financial beliefs, arguably better investment decisions, and with better overall wealth outcomes. The key findings is that the association remains apparent after taking account of an immense range of \u2018nurture\u2019 factors\u2014stuff like family situation growing up, education, and labor income. Thus, the result bears on the classic nature versus nurture debate. Concretely, the results suggest that there may be a difficult-to-overcome <i>nature<\/i> factor that partially explains differential investment outcomes and contributes to wealth inequality.<\/p>\n<p>We think Danny, Nick, and Kevin are onto a immensely important line of research here that you\u2019ll hear a lot more about in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fortune magazine is featuring exciting new genetic research by Johns Hopkins researchers. This might not seem so surprising, but we\u2019re pretty sure it\u2019s a first that the genetic research comes from the Economics Department and concerns investment behavior. Assistant Professor Nick Papageorge (by general consensus the coolest person on our faculty) along with two of [&hellip;]<\/p>\n","protected":false},"author":471,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[111,117],"tags":[],"coauthors":[157],"acf":[],"_links":{"self":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts\/6669630"}],"collection":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/users\/471"}],"replies":[{"embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/comments?post=6669630"}],"version-history":[{"count":2,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts\/6669630\/revisions"}],"predecessor-version":[{"id":6675410,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/posts\/6669630\/revisions\/6675410"}],"wp:attachment":[{"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/media?parent=6669630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/categories?post=6669630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/tags?post=6669630"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/krieger.jhu.edu\/financial-economics\/wp-json\/wp\/v2\/coauthors?post=6669630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}