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Are children better off than their parents? This highly debated question in politics and economics is investigated by … analysing the trends in absolute and relative intergenerational labour income mobility for Germany and the US. High quality … labour income mobility are larger in Germany than in the US. This indicates that economic growth has been distributed more …
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over more than 450 years. Furthermore, we can provide insights into the distinct influence of the respective parents …
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and parental background. To identify the effect of economic growth on children's wealth we match the population of heirs …
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