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Intergenerational top income mobility in Sweden – A combination of equal opportunity and capitalistic dynasties

Anders Bjorklund (), Jesper Roine () and Daniel Waldenström ()

No 705, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: This paper presents new evidence on intergenerational income and earnings mobility in the top of the distributions. Using a large dataset of matched father-son pairs in Sweden we are able to obtain results for fractions as small as 0.1 percent of the population. Overall, mobil-ity is lower for incomes than for earnings and it appears to decrease the higher up in the distribution one goes. In the case of incomes, however, we find that mobility decreases dramatically within the top percentile of the population. Our results suggest that Sweden, well-known for its egalitarian achievements, is a society where equality of opportunity for a large majority of wage earners coexists with capitalistic dynasties.

Keywords: Intergenerational income mobility; top incomes; earnings inequality; income inequality; welfare state; non-linear regression; quantile regression (search for similar items in EconPapers)
JEL-codes: D31 J62 (search for similar items in EconPapers)
Date: 2008-11-04
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