Ambitious career aspirations: A balancing act between success and disappointment

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Parental aspirations concerning their children’s school and career perform
Parental aspirations concerning their children’s school and career performance have a particularly great effect on how far a child aims to go
Parental aspirations concerning their children's school and career performance have a particularly great effect on how far a child aims to go - Higher aspirations lead to higher achievements. At least, that is true in the context of educational and occupational aspirations, as shown by a new study co-authored by economist Dr. Reto Odermatt of the University of Basel. Unrealistically high aspirations as a teenager, however, can have a negative effect on well-being as an adult. Over the last few years, social mobility between the generations has become an important topic in political discourse worldwide. Many possible factors that hinder children in moving further up the social ladder than their parents have already been investigated, such as financial resources, the educational system and genetics. Dr. Reto Odermatt (University of Basel) and Warn Lekfuangfu (Universidad Carlos III de Madrid) conducted a study to investigate the relevance of career aspirations in social mobility and later life satisfaction. The results have now been published in the journal European Economic Review .
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