“Intergenerational Wealth Mobility in England, 1858^–₁₅₄2012_12ya: Surnames and Social Mobility”, Gregory Clark, Neil Cummins2014-09-19 (economics, sociology; backlinks)⁠:

This article uses a panel of 18,869 people with rare surnames whose wealth is observed at death in England and Wales 1858^–₁₅₄2012_12ya to measure the intergenerational elasticity of wealth over 5 generations.

We show, using rare surnames to track families, that wealth is much more persistent than standard one generation estimates would suggest. There is still a statistically-significant correlation between the wealth of families 5 generations apart.

We show that this finding can be reconciled with standard estimates of wealth mobility by positing an underlying first order Markov process of wealth inheritance with an intergenerational elasticity of 0.70–0.75 throughout the years 1858^–₁₅₄2012_12ya.

See Also:

• Intergenerational Mobility in the Very Long Run: Florence (1427–2011)

• The Shadow of Peasant Past: Seven Generations of Inequality Persistence in Northern Sweden

• The Transmission of Inequality Across Multiple Generations: Testing Recent Theories with Evidence from Germany

• The geography of intergenerational social mobility in Britain

• Social Mobility and Political Regimes: Intergenerational Mobility in Hungary, 1949^–₆₈2017

• Slavery and the Intergenerational Transmission of Human Capital

• Family, Education, and Sources of Wealth among the Richest Americans, 1982^–₃₀2012_12ya

• Shocking Behavior: Random Wealth in Antebellum Georgia and Human Capital Across Generations

• Does it matter where you came from? Ancestry composition and economic performance of US counties, 1850^–₁₆₀2010_14ya

• All Wealth Is Not Created Equal: Race, Parental Net Worth, and Children’s Achievement

• Assortative Matching at the Top of the Distribution: Evidence from the World’s Most Exclusive Marriage Market

Backlinks: