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How much of our fate is tied to the status of our parents and grandparents? How much does this influence our children? More than we wish to believe. While it has been argued that rigid class structures have eroded in favor of greater social equality, The Son Also Rises proves that movement on...
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How much of our fate is tied to the status of our parents and grandparents? How much does this influence our children? More than we wish to believe. While it has been argued that rigid class structures have eroded in favor of greater social equality, The Son Also Rises proves that movement on...
Persistent link: https://www.econbiz.de/10011082769
Gregory Clark argued in <italic>A Farewell to Alms that</italic> preindustrial societies, including England, were Malthusian. Day wages show incomes were trendless: as high in Europe in the medieval era as in 1800, even in England. The opposed view is that England and the Netherlands grew substantially from 1200...
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This paper explains how surname distributions can be used as a way to measure rates of social mobility in contemporary and historical societies. This allows for estimates of social mobility rates for any population for which we know just two facts: the distribution of surnames overall, and the...
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This paper uses a panel of 21,618 people with rare surnames whose wealth is observed at death in England and Wales 1858-2012 to measure the intergeneration elasticity of wealth over five generations. We show, using rare surnames to track families, that wealth is much more persistent over...
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