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Economics

Understanding the Dynamics of Intergenerational Mobility in Post-Industrial Economies

Quick fact

In the United States, if your parents are in the top 10% of earners, you are roughly 3 times more likely to end up in the top 10% yourself compared to a child born into the bottom 10% of earners. This 'stickiness' is a direct measure of low intergenerational mobility.

Why this is interesting

You might assume that children born into wealthy families stay wealthy, but the degree to which that is true varies greatly around the world. Why do some post-industrial economies offer more mobility than others?