Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148300
Authors: 
Neidhöfer, Guido
Stockhausen, Maximilian
Year of Publication: 
2016
Series/Report no.: 
Discussion Paper, School of Business & Economics: Economics 2016/22
Abstract: 
Using harmonized household survey data, we analyse long run social mobility in the US, the UK, and Germany and test recent theories of multigenerational persistence of socio-economic status. In this country comparison setting we find evidence against Gregory Clark's "universal law of social mobility". In general, our results show that the long run persistence of socio-economic status tends to vary with the institutional context. Our findings on the existence of a direct and independent effect of grandparents' social status on grandchildren's status are mixed.
Subjects: 
dynastic inequality
intergenerational mobility
multigenerational persistence
three generations
grandparental effect
JEL: 
D63
I24
J62
Document Type: 
Working Paper

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