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Using harmonized household survey data, we analyse long run social mobility in the US, the UK, and Germany and test recent theories of multigenerational persistence of socio-economic status. In this country comparison setting we find evidence against Gregory Clark's "universal law of social...
Persistent link: https://www.econbiz.de/10011548051
To understand the degree of intergenerational mobility in the United States, and the differences between Americans and others, it is important to appreciate the workings and interaction of three fundamental institutions: the family, the market, and the state. But comparisons can also be...
Persistent link: https://www.econbiz.de/10011475187
Are the United States still a land of opportunity? We provide new insights on this question by invoking a novel measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity has increased by 77% over the time period 1983-2016....
Persistent link: https://www.econbiz.de/10013093036
Are the United States still a land of opportunity? We provide new insights on this question by invoking a novel measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity has increased by 77% over the time period 1983-2016....
Persistent link: https://www.econbiz.de/10013169954
Based on nationally representative data from the German Socio-Economic Panel (SOEP), the Panel Study of Income Dynamics (PSID), and the British Household Panel Survey (BHPS) we analyze the intergenerational transmission of economic and social (dis-)advantages in Germany, the United States and...
Persistent link: https://www.econbiz.de/10010188878
Using longitudinal data on fathers and their children, this study compares the extent of intergenerational mobility in Germany and the United States and introduces an estimation strategy that corrects estimates of intergenerational earnings elasticities for a possible lifecycle bias. In contrast...
Persistent link: https://www.econbiz.de/10003375779
We show how intergenerational mobility has evolved over time in Sweden and the United States since 1985, focusing on prime-age labor incomes of both men and women. Income persistence involving women (daughters and/or mothers) has risen substantially over recent decades in both Sweden and the US,...
Persistent link: https://www.econbiz.de/10014280839
Intergenerational income mobility is lower in the United States than in Canada, but varies significantly within each country. Our sub-national analysis finds that the national border only partially distinguishes the close to one thousand regions we analyze within these two countries. The...
Persistent link: https://www.econbiz.de/10012152859
Much of the socioeconomic mobility achieved by U.S. immigrant families takes place across rather than within generations. When assessing the long-term integration of immigrants, it is therefore important to analyze differences not just between the foreign-born and U.S-born, but also across...
Persistent link: https://www.econbiz.de/10009529510
This paper is the first to analyze the impact of family background on permanent earnings based on sibling correlations in Germany and to provide a cross-country comparison of Germany, Denmark, and USA. The main findings are that family and community background has a stronger influence on...
Persistent link: https://www.econbiz.de/10010475702