Arbeitspapier

Intergenerational persistence in income and social class: The impact of within-group inequality

Family income is found to be more closely related to sons' earnings for a cohort born in 1970 compared to one born in 1958. This result is in stark contrast to the finding on the basis of social class; intergenerational mobility for this outcome is found to be unchanged. Our aim here is to explore the reason for this divergence. We derive a formal framework which relates mobility in measured family income/earnings to mobility in social class. Building on this framework we then test a number of alternative hypotheses to explain the difference between the trends, finding evidence of an increase in the intergenerational persistence of the permanent component of income that is unrelated to social class. We reject the hypothesis that the observed decline in income mobility is a consequence of the poor measurement of permanent family income in the 1958 cohort.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 6202

Klassifikation
Wirtschaft
Fertility; Family Planning; Child Care; Children; Youth
Wage Level and Structure; Wage Differentials
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
Thema
intergenerational income mobility
social class fluidity
income inequality
Soziale Mobilität
Soziale Schicht
Einkommen
Intergenerational Mobility
Großbritannien

Ereignis
Geistige Schöpfung
(wer)
Blanden, Jo
Gregg, Paul
Macmillan, Lindsey
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2011

Handle
URN
urn:nbn:de:101:1-201201107517
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Blanden, Jo
  • Gregg, Paul
  • Macmillan, Lindsey
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2011

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