2012

Intergenerational Top Income Mobility in Sweden: Capitalist Dynasties in the Land of Equal Opportunity?

Särtryck nr 2012:7

Författare: Anders Björklund, Jesper Roine och Daniel WaldenströmÅr: 2012 Publikation: Journal of Public Economics Årgång (nr): 96 (5-6) Sidor: 474–484
Artikeln online (behörighet kan krävas)
Preliminär version


This paper presents new evidence on intergenerational mobility at the top of the income and earnings distributions. Using a large dataset of matched father-son pairs in Sweden, we find that intergenerational transmission is very strong at the top, more so for income than for earnings. At the extreme top (top 0.1%) income transmission is remarkable with an intergenerational elasticity of approximately 0.9. We also study potential transmission mechanisms and find that IQ, non-cognitive skills and education of the sons are all unlikely channels in explaining the strong transmission. Within the top percentile, increases in the income of the fathers, if they are related at all, are negatively associated with these variables. Wealth, on the other hand, has a significantly positive association. Our results suggest that Sweden, known for having relatively high intergenerational mobility in general, is a society in which transmission remains strong at the very top of the distribution and wealth is the most likely channel.


Referens:
Björklund, Anders, Jesper Roine och Daniel Waldenström (2012), "Intergenerational Top Income Mobility in Sweden: Capitalist Dynasties in the Land of Equal Opportunity?". Journal of Public Economics 96(5-6), 474–484.

Daniel Waldenström

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Niclas Berggren

Forskningsområden: Institutionell och politisk ekonomi; tillit, tolerans och religion; skönhetens betydelse i politiken.

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