4 ms·
> inter-generational wealth mobility in the US is quite low, much lower than in most of Europe I was surprised by this so I looked up a few sources. Not saying
by curo 7y ago
> inter-generational wealth mobility in the US is quite low, much lower than in most of Europe
I was surprised by this so I looked up a few sources. Not saying it's not true but we must be looking at different sources, here's a chart on "intergenerational earnings elasticity and with only a couple European countries (Italy and UK) slightly above the US:
https://en.wikipedia.org/wiki/Social_mobility#/media/File:The_Great_Gatsby_Curve.png https://en.wikipedia.org/wiki/Social_mobility#/media/File:Th...
- darpa_escapee 7y agoYou've read the figure incorrectly. Smaller values for Intergenerational Earnings Elasticity represent greater equality of opportunity[1] and correlate with less inequality. [1] https://www.businessinsider.com/intergenerational-earnings-elasticity-2013-12 https://www.businessinsider.com/intergenerational-earnings-e...
- the_gastropod 7y agoI think you're misreading the graph. The Y axis is immobility. In other words, Italy and the UK have lower mobility than the US. Every other European country on the list has greater mobility.