Within-family career following is common in many occupations, including law, politics, business, agriculture, medicine, entertainment, and professional sports. For children who enter the same career as their parents there are several potential benefits: physical-capital transfer, human-capital transfer, brand-name-loyalty transfer, or nepotism. In Formula One (F1) auto racing, career following is also common; many drivers follow their father or brother into racing. Using a panel describing F1 drivers from 1950–2017, we find that brothers of drivers appear to benefit from human capital...Read more
