We imagine a world where our lot in life is tied to our own talents and initiative, rather than our parentage. We can measure our progress toward this goal: Intergenerational Income Mobility is the extent to which parental income levels are correlated to that of their children when the children are grown.
We imagine a world where our lot in life is tied to our own talents and initiative, rather than our parentage. We can measure our progress toward this goal: Intergenerational Income Mobility is the extent to which parental income levels are correlated to that of their children when the children are grown.
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