Abstract
This paper attempts to model transition probabilities of intergenerational occupational mobility for British and Danish data. A bivariate normal status distribution is tried but rejected. A simple bivariate Gumbel model, with only one unknown parameter that determines the social mobility process, appears to provide a satisfactory fit for both sets of data.
This article first appeared in European Economic Review, 10 (1977), 125–139. Reprinted with the permission of Elsevier Science Publishers B.V. (North Holland). Research supported in part by NSF Grant SOC76-82718.
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Theil, H., Stambaugh, R. (1992). Inequality and Social Status in Successive Generations. In: Raj, B., Koerts, J. (eds) Henri Theil’s Contributions to Economics and Econometrics. Advanced Studies in Theoretical and Applied Econometrics, vol 25. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2408-9_18
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DOI: https://doi.org/10.1007/978-94-011-2408-9_18
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