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Title: Status Attainment and Wealth in the United States and Germany
Resulting in 1 citation.
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Pfeffer, Fabian T. |
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Status Attainment and Wealth in the United States and Germany In: Persistence, Privilege, and Parenting: The Comparative Study of Intergenerational Mobility. R. Erikson, M. Jäntti and T. Smeeding, eds., New York: Russell Sage Foundation, 2011: 109-137. Also: https://www.russellsage.org/publications/persistence-privilege-and-parenting Cohort(s): Children of the NLSY79, NLSY79, NLSY79 Young Adult Publisher: Russell Sage Foundation Keyword(s): Assets; Cross-national Analysis; German Socio-Economic Panel (GSOEP); Germany, German; Intergenerational Patterns/Transmission; Mobility, Social; Neighborhood Effects; Panel Study of Income Dynamics (PSID); Social Capital; Socioeconomic Status (SES); Wealth Research on intergenerational mobility typically conceptualizes and measures family background as any combination of parental education, parental occupation, and family income. One important feature of economic circumstances that is often overlooked in these studies is family wealth, or net worth. Wealth is a dimension of economic well-being that suffers particularly stark inequalities, and thus its neglect is troubling. Severe inequalities in familial wealth may well create unequal opportunities for children over and above those created by other socio-economic characteristics of families. Recent research has begun to document strong and independent effects of parental wealth on children's educational opportunities for the United States. This paper extends this research by documenting the role of wealth for the entire status attainment process, that is, not only educational but also occupational attainment. In addition, it assesses the degree to which the association between parental wealth and attainment differs by national context. Drawing on national panel datasets – the NLSY-79, the PSID and the GSOEP – this paper investigates how the link between wealth inequality and inequality in opportunities differs between the United States and Germany. |
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Bibliography Citation
Pfeffer, Fabian T. "Status Attainment and Wealth in the United States and Germany" In: Persistence, Privilege, and Parenting: The Comparative Study of Intergenerational Mobility. R. Erikson, M. Jäntti and T. Smeeding, eds., New York: Russell Sage Foundation, 2011: 109-137.
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