Journal
ECONOMIC JOURNAL
Volume 117, Issue 519, Pages C43-C60Publisher
OXFORD UNIV PRESS
DOI: 10.1111/j.1468-0297.2007.02034.x
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Funding
- Economic and Social Research Council [RES-343-28-3001, RES-107-28-1001] Funding Source: researchfish
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We analyse in detail the factors that lead to intergenerational persistence among sons, where this is measured as the association between childhood family income and later adult earnings. We seek to account for the level of income persistence in the 1970 BCS cohort and also to explore the decline in mobility in the UK between the 1958 NCDS cohort and the 1970 cohort. The mediating factors considered are cognitive skills, non-cognitive traits, educational attainment and labour market attachment. Changes in the relationships between these variables, parental income and earnings are able to explain over 80% of the rise in intergenerational persistence across the cohorts.
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