Children who grow up among many books tend to be richer

{According to a new study published in the Economic Journal, Children who have a large number of books in the house when they are growing up tend to be higher earners later in life.}

Economists Giorgio Brunello, Guglielmo Weber and Christoph Weiss found that, “whereas individuals in rural areas were most affected by [school] reforms [over the period studied], those with many books enjoyed substantially higher returns to their additional education”.

An extra year of schooling increased a man’s average lifetime earnings by 9%.

However, those brought up with very few books at home only saw a 5% rise in lifetime earnings resulting from an extra year’s education. For those with a large number of books, the rise was 21%.

Hopefully, many parents would start raising their children up with many books.