Dynastic inequality compared: Multigenerational mobility in the US, the UK, and Germany
Guido Neidhöfer () and
Maximilian Stockhausen ()
No 2016/22, Discussion Papers from Free University Berlin, School of Business & Economics
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 (search for similar items in EconPapers)
JEL-codes: D63 I24 J62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fubsbe:201622
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