Children who grow up around more books ends up earning more bucks

31 May 2016 - 09:22 By ©The Daily Telegraph

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

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