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Dynastic Inequality Compared: Multigenerational Mobility in the United States, the United Kingdom, and Germany
Author(s) -
Neidhöfer Guido,
Stockhausen Maximilian
Publication year - 2019
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/roiw.12364
Subject(s) - socioeconomic status , social mobility , grandparent , demographic economics , economics , context (archaeology) , human capital , social capital , inequality , sociology , geography , demography , economic growth , political science , population , mathematical analysis , social science , mathematics , archaeology , law
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. 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 country‐specific. 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.