Nepotism vs. intergenerational transmission of human capital in Academia (1088-1800).

Unlabelled: We have constructed a comprehensive database that traces the publications of father-son pairs in the premodern academic realm and examined the contribution of inherited human capital versus nepotism to occupational persistence. We find that human capital was strongly transmitted from parents to children and that nepotism declined when the misallocation of talent across professions incurred greater social costs. Specifically, nepotism was less common in fields experiencing rapid changes in the knowledge frontier, such as the sciences and within Protestant institutions.