That was "Peers, Heirs, and Careers: Labor Market Effects of Alumni Networks" a joint work with Alex Fischer, @tmsandoy.bsky.social, and Jeanette Walldorf.

Please, check out the full paper and my other work: sites.google.com/view/andreigorshkov/

These transitions result in higher wages and better jobs.

But... The benefits are driven by descendants of the top 1% of families

(C) These jobs are often linked to their parents

(D) ❗The effect is 4x larger if both students are from the top 1% families❗

(A) Peers shape career paths -> Students choose industries, occupations, and employers in line with their peers

(B) The effect is driven by former students working in the same workplaces