European Business Schools Librarian's Group

Department of Economics Working Papers,
Vienna University of Economics and Business, Department of Economics

From rags to riches? Intergenerational transmission of income in Europe

Matthias Schnetzer () and Wilfried Altzinger ()
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Matthias Schnetzer: Department of Economics, Vienna University of Economics & B.A.
Wilfried Altzinger: Department of Economics, Vienna University of Economics & B.A.

Abstract: The paper uses data from the European Union Statistics on Income and Living Conditions (EU-SILC) 2005 to analyze intergenerational income mobility in Austria compared to other European Union members. Applying various methodological approaches like least squares estimations and quantile regressions we reveal substantial differences in intergenerational mobility between Scandinavian countries and Continental Europe. The results show that income class rigidities in most European countries are striking compared to the Nordic countries.

JEL-codes: D30; E24; J62 March 2011

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