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:
“Slowly, and in spite of anything we Americans do or do not do, it looks a little as if you and some other good people are going to have to answer the old question of whether you want to keep your country unshackled by taking even more definite steps to do soeven firing shotsor, on the other hand, submitting to be shackled for the sake of not losing one American life.”
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—Ralph Waldo Emerson (18031882)