{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.}<\/p>\n
Economists Giorgio Brunello, Guglielmo Weber and Christoph Weiss found that, \u201cwhereas 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\u201d.<\/p>\n
An extra year of schooling increased a man\u2019s average lifetime earnings by 9%.<\/p>\n
However, those brought up with very few books at home only saw a 5% rise in lifetime earnings resulting from an extra year\u2019s education. For those with a large number of books, the rise was 21%.<\/p>\n
Hopefully, many parents would start raising their children up with many books.<\/p>\n","protected":false},"excerpt":{"rendered":"
{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, \u201cwhereas individuals in rural areas were most affected by [school] reforms […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[75],"byline":[2483],"hashtag":[],"class_list":["post-25832","post","type-post","status-publish","format-standard","hentry","category-social","tag-homenews","byline-elcrema"],"bylines":[{"id":2483,"name":"ELCREMA","slug":"elcrema","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":2483,"name":"ELCREMA","slug":"elcrema","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/25832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=25832"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/25832\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=25832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=25832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=25832"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=25832"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=25832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}