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Intergenerational persistence in income and social class: the effect of within-group inequality

Blanden, Jo, Gregg, Paul and Macmillan, Lindsey (2012) Intergenerational persistence in income and social class: the effect of within-group inequality. Journal of the Royal Statistical Society: Series A (Statistics in Society), 176 (2). pp. 541-563. ISSN 0964-1998

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Abstract

Family income is found to be more closely related to sons' earnings for a cohort born in 1970 compared with a cohort born in 1958. This result is in stark contrast with the finding on the basis of social class; intergenerational mobility for this outcome is found to be unchanged. Our aim here is to explore the reason for this divergence. We derive a formal framework which relates mobility as measured by family income or earnings to mobility as measured by social class. Building on this framework we then test several alternative hypotheses to explain the difference between the trends. We find evidence of an increase in the intergenerational persistence of the permanent component of income that is unrelated to social class. We reject the hypothesis that the observed decline in income mobility is a consequence of the poor measurement of permanent family income in the 1958 cohort.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1111/(IS...
Additional Information: © 2013 The Authors
Library of Congress subject classification: H Social Sciences > HN Social history and conditions. Social problems. Social reform
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 05 Feb 2013 10:12
URL: http://eprints.lse.ac.uk/48260/

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