Parental Wealth & Social Mobility: The Impact of Wealth Inequality and the State on Intergenerational Income Mobility
Equality of opportunity is a notion rooted in many societies as a conception of importance. The idea that one’s life chances ought to be unrelated to the aspects of one’s background upon which one has no say, such as the material wealth of one’s parents, is generally one that is widely held. The term ‘Intergenerational income mobility’, describing, as it does, the interrelatedness of the incomes o
