Multigenerational Mobility in the United States, the United Kingdom and Germany

Stockhausen Maximilian

Guido Neidhöfer/ Maximilian Stockhausen at the review of income and wealth External Publication 22. October 2018 Dynastic Inequality Compared: Multigenerational Mobility in the United States, the United Kingdom and Germany

Using harmonized household survey data, we analyze long-run social mobility in the United States, the United Kingdom, and Germany, and test recent theories of multigenerational persistence of socioeconomic status.

Guido Neidhöfer/ Maximilian Stockhausen at the review of income and wealth External Publication 22. October 2018

Dynastic Inequality Compared: Multigenerational Mobility in the United States, the United Kingdom and Germany

Using harmonized household survey data, we analyze long-run social mobility in the United States, the United Kingdom, and Germany, and test recent theories of multigenerational persistence of socioeconomic status.

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In this country comparison setting, we find evidence against a universal law of social mobility. Our results show that the long-run persistence of socioeconomic status and the validity of a first-order Markov chain in the intergenerational transmission of human capital is countryspecific. Furthermore, we find that the direct and independent effect of grandparents_ social status on grandchildren_s status tends to vary by gender and institutional context.

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