Intergenerational Mobility Study Reveals Impact on Household Income and Wealth Distribution
The article explores how parents' jobs and income affect their children's future success. It shows that in many countries, what your parents do for a living can strongly influence what you will earn. The researchers studied data from different countries to see how likely it is for children to end up in similar jobs and earn similar amounts as their parents. They found that education and the type of job parents have play a big role in determining their children's future earnings. The study also looked at how wealth is passed down from one generation to the next.