New research led by economists at the University of Warwick reveals that many Western societies that pride themselves on being lands of opportunity are anything but. The reality is that most countries show a strong connection between a father and son’s earnings and this factor is more important in the United States than in any of the other country studied.
The new research led by Professor Robin Naylor, an economist at the University of Warwick, shows a strong link between the earnings of fathers and sons. It also demonstrates that the likelihood of a son having earnings similar to his father’s is greater for those born into particularly rich or particularly poor backgrounds. The study, to be presented at the Royal Economic Society’s 2006 Annual Conference, examines how ’intergenerational mobility’ compares between the UK, the United States and the Nordic countries of Norway, Denmark, Sweden and Finland. Some of the main results are that:
* In the UK and the United States, the sons of earners in the top 20% are very unlikely to end up in the bottom 20% of earners.
Peter Dunn | alfa
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