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Title: 'Like Father, Like Son' Holds True for Income
Resulting in 1 citation.
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Burns, Frances Ann |
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'Like Father, Like Son' Holds True for Income Los Angeles Times, February 27, 1991, Part D; Page 2 Column 5 Cohort(s): Older Men, Young Men Publisher: Los Angeles Times Keyword(s): Fathers and Children; Income; Income Dynamics/Shocks; Mobility; Poverty; Welfare Permission to reprint the abstract has not been received from the publisher. There's a simple way to get a leg up toward a good lifetime income -- be the son of a high-income father. A Princeton University economist who studied 876 pairs of fathers and sons found that sons of fathers in low-income brackets tend to end up in the same bracket and vice versa. David Zimmerman, a Ph.D. candidate at Princeton, said his study shows "that there is much less mobility in the United States economy than had previously been believed." Zimmerman used the National Longitudinal Survey, a database assembled at Ohio State University that tracked two groups of older and younger men for 15 years. He found 876 father-son pairs. Looking at information on income and job type, Zimmerman found that 40% of the sons whose fathers were in the bottom 25% in income in 1965 were in the same quartile themselves in 1980 and 69% were in the lower half. Only 12% had risen to the top 25%. |
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Bibliography Citation
Burns, Frances Ann. "'Like Father, Like Son' Holds True for Income." Los Angeles Times, February 27, 1991, Part D; Page 2 Column 5. |