Like father, like son? A comparison of absolute and relative intergenerational labour income mobility in Germany and the US
نویسندگان
چکیده
Abstract Are children better off than their parents? This highly debated question in politics and economics is investigated by analysing the trends absolute relative intergenerational labour income mobility for Germany US. High quality panel data used this purpose; SOEP PSID In Germany, 67% of sons born between 1955 1975 earned a significantly higher real long-run fathers. Those with fathers from lowest earnings bracket were particularly mobile terms. contrast, fraction US earning more 60% on average same cohorts. Their share decreased 66% 1956–60 birth cohort to 48% 1971–75 cohort, while it changed very little Germany. Overall, as well larger indicates that economic growth has been distributed broadly While majority German males able country’s rising prosperity are fathers, continue lose ground. Hence, Chetty et al. (Science 356:398–406, 2017) seem be right when they say American Dream slowly fading away.
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ژورنال
عنوان ژورنال: Journal of Economic Inequality
سال: 2021
ISSN: ['1569-1721', '1573-8701']
DOI: https://doi.org/10.1007/s10888-021-09483-w