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Die Welt:
The dream of a better life for children is in danger; Not even half of the 30-year-old British reach the salary level of their parents. The phenomenon is less pronounced in Germany

2 September 2019

Just 41 percent of all 30-year-olds earned more in 2017 than their parents did when they were the same age. Two decades earlier, the proportion had been two-thirds higher: in 1995, 69 percent of the age group were better off than the parent generation. This is confirmed by a recent study by the three economists Jo Blanden, Stephen Machin and Sumaiya Rahmana from the London School of Economics and the University of Surrey.

This blog post is based on 'Falling Absolute Intergenerational Mobility' presented at the Royal Economic Society Annual Conference 2019.

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