(), Jesper Roine
() and Daniel Waldenström
Anders Björklund: Swedish Institute for Social Research, Postal: Swedish Institute for Social Research, Stockholm University, SE-106 91 Stockholm, Sweden
Jesper Roine: SITE, Postal: Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden
Daniel Waldenström: IFN, Postal: P.O. Box 55665, , SE-10215, Stockholm, Sweden
Abstract: This paper presents new evidence on intergenerational income and earnings mobility in the top of the distributions. Using a large dataset of matched father-son pairs in Sweden we are able to obtain results for fractions as small as 0.1 percent of the population. Overall, mobil-ity is lower for incomes than for earnings and it appears to decrease the higher up in the distribution one goes. In the case of incomes, however, we find that mobility decreases dramatically within the top percentile of the population. Our results suggest that Sweden, well-known for its egalitarian achievements, is a society where equality of opportunity for a large majority of wage earners coexists with capitalistic dynasties.
21 pages, November 4, 2008
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