parents try to give their children a helping hand in life, but
researchers at the University of Warwick have discovered a
particularly close correlation between the earning power of a
father and that of his son.
Two US presidents called George Bush, who are also father and
son, is not surprising according to their findings. Coming from a
wealthy background in the United States it is actually
statistically harder to fail, but the reverse is not true.
Despite the rags to riches image of the “Land of
Opportunity”, it is twice as difficult for the son of a man
in the poorest 20% to improve on his father’s earnings in the
USA. By contrast in the Nordic economies, which were included in
the research, children of parents in the lowest earning brackets,
actually do improve on their inherited lot, more than those in the
USA and UK. Initial findings suggest this is partly due to targeted
educational policies, yet there is still more to learn, and going
forward they may be able to prove or disprove the value of
different educational reforms for example, and help to develop
accurate social policies that really do create a more level playing
field in the future.
- Professor and son playing Monopoly
- File footage of President George W Bush and his father,
- GVs Wall Street, New York City
- GVs Stockholm
- Professor Robin Naylor, Department of Economics, University of
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