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Correlation of individual and parental earnings in OECD:
Could you link to a document that explains that graph. I can't understand what it's showing me! My comprehension of people avoiding poverty/increasing wealth comes from personal experience so I'd like to know more about the wider statistics.
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Correlation of individual and parental earnings in OECD:
Could you link to a document that explains that graph. I can't understand what it's showing me! My comprehension of people avoiding poverty/increasing wealth comes from personal experience so I'd like to know more about the wider statistics.
Chart is from an OECD report on social mobility: http://www.oecd.org/tax/public-finance/chapter%205%20gfg%202010.pdf
It shows the extent to which income is predicted by parental income - the bigger the bar, the more likely you are to have income comparable to that of your parents. The UK is Privilege Central.
Correlation of individual and parental earnings in OECD: