Template-Type: ReDIF-Paper 1.0 Series: Tinbergen Institute Discussion Papers Creation-Date: 2020-08-27 Revision-Date: 2020-12-01 Number: 20-053/V Author-Name: Hyeokmoon Kweon Author-Workplace-Name: Vrije Universiteit Amsterdam Author-Name: Casper A.P. Burik Author-Workplace-Name: Vrije Universiteit Amsterdam Author-Name: Richard Karlsson Linner Author-Workplace-Name: Vrije Universiteit Amsterdam Author-Name: Ronald de Vlaming Author-Workplace-Name: Vrije Universiteit Amsterdam Author-Name: Aysu Okbay Author-Workplace-Name: Vrije Universiteit Amsterdam Author-Name: Daphne Martschenko Author-Workplace-Name: Stanford University Author-Name: Kathryn Paige Harden Author-Workplace-Name: University of Texas at Austin Author-Name: Thomas A. DiPrete Author-Workplace-Name: Columbia University Author-Name: Philipp D. Koellinger Author-Workplace-Name: Vrije Universiteit Amsterdam Title: Genetic Fortune: Winning or Losing Education, Income, and Health Abstract: We develop a polygenic index for individual income and examine random differences in this index with lifetime outcomes in a sample of ~35,000 biological siblings. We find that genetic fortune for higher income causes greater socio-economic status and better health, partly via intervenable environmental pathways such as education. The positive returns to schooling remain substantial even after controlling for now observable genetic confounds. Our findings illustrate that inequalities in education, income, and health are partly due the outcomes of a genetic lottery. However, the consequences of different genetic endowments are malleable, for example via policies that target education. Classification-JEL: J00, I20, I10 Keywords: Income, education, health, inequality, heritability, genetics, polygenic index File-URL: https://papers.tinbergen.nl/20053.pdf File-Format: application/pdf File-Size: 4629076 bytes Handle: RePEc:tin:wpaper:20200053