Knowledge has long been acknowledged to be crucial for economic growth and in today’s market economies this is true to an even greater extent. In the past it used to be the parent’s duty to pass on this knowledge to their children, nowadays schools and higher education institutions take this responsibility. Nevertheless, parents still have a significant influence on an individual’s educational attainment. The aim of this study is to investigate and demonstrate this parental influence on the level of education as well as the subject of higher education degree. This thesis shows that individuals whose parents have at least a bachelor’s degree and above are more likely to attain one themselves. Moreover, individuals are more likely to choose a subject for that degree that is similar to their parents’ occupation.