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Economists Prove That If You Do This With Your Son, He Will Earn Significantly More Money as an Adult

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You Could Drastically Affect Your Son’s Life

When people have children, they often dedicate the rest of their lives to giving their sons and daughters the best life possible, working hard to afford them any opportunity at success and happiness.

New studies with parental advice and so-called “proven” parenting methods seem to come out all the time, with experts claiming to have found the solution to all child-rearing problems, from tempers and tantrums to academic and professional success later in life. But do any of these really work across the board?

A new study across nine countries has analyzed the factors that most determine a man’s success tracing back to his youngest years, and the researchers behind it think they’ve found the single most important factor that promises he will go on to have a spectacular future. And honestly, we don’t think it’s too far fetched at all.

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Read all about it!

The Study

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Credit: Shutterstock/ Anton Balazh

The Survey of Health, Ageing and Retirement in Europe (SHARE) is a massive, ongoing and multidisciplinary study taking place in over 20 nations across Europe of adults ages 50 and up.

According to SHARE’s website, the survey “provides micro data on physical and psychological health, socio-economic status, demographic characteristics, and social and family networks support of about 123,000 individuals aged 50 or over and their (younger) partners.” The earliest wave of the study took place in 2004; the most recent wave was in 2013.

One new study used information from SHARE to analyze the effects of compulsory education on students’ success in their adult years. It found some very specific and surprising results.

The Factors

boys who read wealthy old man

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Carried out by economists at the University of Padua in Italy, the study looked at the information of some 5,820 men ages 60–96 across nine European nations (Austria, Belgium, the Czech Republic, Denmark, France, Germany, Italy, the Netherlands, and Sweden) to see how obligatory childhood education effected them later in life.

Factors that were taken into account were where the men were raised, if they grew up in rural or urban settings, if their homes had running water, the types of jobs their parents worked, and their average incomes as adults.

Fascinatingly enough, a man’s success in life could be traced back to one simple factor: books.

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