Leandro Carvalho will present a paper studying the causal relationship between genetics, economic choices, and income. The genetic measure is the polygenic index for educational attainment (EA PGI). One's EA PGI is random conditional on the EA PGIs of one's parents, which is used to estimate its causal effects. The EA PGI affects educational and occupational choices as well as income. These choices underlie the relationship between genetics and income. Suggestive evidence is presented that fluid intelligence and present focus may partly explain how genetics affects choices. Genetic effects are economically meaningful, being of the same order of magnitude as effects of family environment.
Our speaker Leandro Carvalho is an economist at the University of Southern California’s Center for Economic and Social Research (CESR) and an Assistant (Research) Professor at USC’s Economics Department. His areas of research are in behavioral economics, development economics, and social genomics. He studies causes and consequences of socioeconomic status and causal determinants of decision-making. His research has been published in the American Economic Review, The Proceedings of the National Academy of Sciences, The Review of Economics and Statistics, Demography, and others. He holds a Ph.D. in Economics from Princeton University and is originally from Rio de Janeiro, Brazil.
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