Intergenerational Occupational Mobility in Great Britain and the United States since 1850

From Long and Ferrie:

The US tolerates more inequality than Europe and believes its economic mobility is greater than Europe’s, though they had roughly equal rates of intergenerational occupational mobility in the late twentieth century. We extend this comparison into the nineteenth century using 10,000 nationally-representative British and US fathers and sons. The US was more mobile than Britain through 1900, so in the experience of those who created the US welfare state in the 1930s, the US had indeed been “exceptional.” The US mobility lead over Britain was erased by the 1950s, as US mobility fell from its nineteenth century levels.

HT: Ray Fishman and John Van Reenen

About ozidar

I'm an Assistant Professor of Economics at the University of Chicago Booth School of Business and a Faculty Research Fellow at National Bureau of Economic Research. You can follow me on twitter @omzidar.
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