A study published in the Journal of Urban Economics found that those who are born in large cities enjoy greater earning power later on in life.
The study tracked 7,500 British people over 18 years and found that someone born in London in 1971 would earn 6.6% more than their Manchester counterpart and 9.3% more than a person born in Liverpool.
Here are some possible reasons why big city kids have the upper hand.:
- More educational options.: Big cities tend to have more educational institutions, which can provide more opportunities for learning and skill-building.
- Larger social networks.: Big cities offer more opportunities for socializing and networking, which can lead to more job opportunities and career advancement.
- Influence of big city parents.: Big city parents are more likely to have higher levels of education and work in professional fields, which can provide their children with more resources and opportunities.
The study’s findings suggest that birthplace can have a significant impact on future earnings, and that being born in a big city can provide a competitive advantage.
However, it’s important to note that correlation does not equal causation, and there may be other factors at play that contribute to this trend.
Nonetheless, the study’s results highlight the importance of location and access to resources in shaping one’s future opportunities and success.
