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Economics

Intergenerational Mobility Patterns in Post-Industrial Economies

Quick fact

In Denmark, a child born into the bottom fifth of the income distribution has about a 70% chance of moving to a higher quintile as an adult, while in the United States that chance is less than 40%. This gap persists even after differences in economic growth are accounted for.

Why this is interesting

You might guess that whether you end up richer or poorer than your parents depends on how hard you work. But in reality, the country you grow up in and the year you are born may matter just as much—how does that work?