Title:
Dynastic Inequality Compared
Subtitle:
Multigenerational Mobility in the US, the UK, and Germany
Author(s):
Neidhöfer, Guido; Stockhausen, Maximilian
Year of publication:
2016
Available Date:
2016-11-30T07:19:25.862Z
Abstract:
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 mobility”. In
general, our results show that the long run persistence of socio-economic
status tends to vary with the institutional context. Our findings on the
existence of a direct and independent effect of grandparents’ social status on
grandchildren’s status are mixed.
Keywords:
Dynastic Inequality
Intergenerational Mobility
Multigenerational Persistence
Three generations
Grandparental Effect
DDC-Classification:
330 Wirtschaft
336 Öffentliche Finanzen
Department/institution:
Wirtschaftswissenschaft
Series/Multivolume:
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
Series/Multivolume Number:
2016,22 : Economics