Tuesday, August 25, 2020

Parental Wealth is Pop Strat

 This paper discusses how parental wealth is a strongly prone to assortative mating. 

...parental wealth homogamy is high at the very top of the parental wealth distribution, and individuals from wealthy families are relatively unlikely to partner with individuals from families with low wealth. Parental wealth correlations among partners are higher when only parental assets rather than net wealth are examined, implying that the former might be a better measure for studying many social stratification processes. Most specifications indicate that homogamy increased in the 2000s relative to the 1990s, but trends can vary depending on methodological choices. The increasing levels of parental wealth homogamy raise concerns that over time, partnering behavior has become more consequential for wealth inequality between couples.

The reason this is important in terms of genetic studies, is that it creates population stratification that will no doubt present itself as genetic correlations, giving the impression that genes exist for income (yes such studies have been done), as well as other things like educational attainment, when all that is really happening is that the rich are keeping it in the family, so to speak.  They noted that it was less common, but still an issue in Denmark, where the study was done, but worse in other countries (US and UK, for example). Thus these GWAS that purport to show such genetic correlations are likely really demonstrating that certain social/ethnic groups have an unfair proportion of wealth. By this token, if you were going to use "polygenic scores" for educational attainment to decide who should get into an elite school, it would more fair for those with the lowest scores to be given preference...

2 comments:

  1. "By this token, if you were going to use "polygenic scores" for educational attainment to decide who should get into an elite school, it would more fair for those with the lowest scores to be given preference..."

    Even if you believe pgs is causal, I think this is a logical conclusion. Genes are just as much luck as anything. So, we should increase fairness by adjusting for them in college admissions.

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  2. I don't believe it's causal ftr.

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