Country Comparison
Several studies have been made comparing social mobility between developed countries. One such study (“Do Poor Children Become Poor Adults?") found that of nine developed countries, the United States and United Kingdom had the lowest intergenerational vertical social mobility with about half of the advantages of having a parent with a high income passed on to the next generation. The four countries with the lowest "intergenerational income elasticity", i.e. the highest social mobility, were Denmark, Norway, Finland, and Canada with less than 20% of advantages of having a high income parent passed on to their children. (see graph)
Read more about this topic: Social Mobility
Famous quotes containing the words country and/or comparison:
“There is a cannibalism that’s loose in our society in which public figures such as the Clintons could try to come into this town and do something good for this country and then they get hammered away even though they’re trying to do the right thing.”
—David R. Gergen (b. 1942)
“I have travelled a good deal in Concord; and everywhere, in shops, and offices, and fields, the inhabitants have appeared to me to be doing penance in a thousand remarkable ways.... The twelve labors of Hercules were trifling in comparison with those which my neighbors have undertaken; for they were only twelve, and had an end; but I could never see that these men slew or captured any monster or finished any labor.”
—Henry David Thoreau (1817–1862)