Dynastic Inequality Compared: Multigenerational Mobility in the United States, the United Kingdom, and Germany

32 Pages Posted: 11 May 2019

See all articles by Guido Neidhoefer

Guido Neidhoefer

Free University of Berlin (FUB) - Division of Economics

Maximilian Stockhausen

Free University of Berlin (FUB) - Department of Business and Economics

Date Written: June 2019

Abstract

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.

Keywords: dynastic inequality, intergenerational mobility, multigenerational persistence, three generations, grandparental effect

Suggested Citation

Neidhoefer, Guido and Stockhausen, Maximilian, Dynastic Inequality Compared: Multigenerational Mobility in the United States, the United Kingdom, and Germany (June 2019). Review of Income and Wealth, Vol. 65, Issue 2, pp. 383-414, 2019. Available at SSRN: https://ssrn.com/abstract=3385033 or http://dx.doi.org/10.1111/roiw.12364

Guido Neidhoefer (Contact Author)

Free University of Berlin (FUB) - Division of Economics ( email )

Boltzmannstr. 20
Berlin 14195, 14195
Germany

HOME PAGE: http://https://sites.google.com/site/guidoneidhoefer/

Maximilian Stockhausen

Free University of Berlin (FUB) - Department of Business and Economics ( email )

Boltzmannstrasse 20
D-14195 Berlin, 14195
Germany

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