Intergenerational Mobility: Does it Offset or Reinforce Income Inequality?
Abstract:Income, education, occupation and personality traits all tend to be transmitted from parents to their offspring, especially at the top and bottom of the distribution. Countries with lower intergenerational mobility tend to feature wider income inequalities at a point in time and higher returns to education ‐ suggesting that the education systems and the strategies used by parents for the education of their children are very important for the transmission of disadvantages from generation to generation.
Document Type: Review Article
Publication date: October 1, 2008