2016
DOI: 10.21533/scjournal.v5i2.123
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Intergeneration Social Mobility as a Markov Process

Abstract: Intergeneration social mobility is an old concern in both sociology and economics and refers to a change in the status of family members from one generation to the next. In the line with Markov Chain Theory, in this paper, we provide estimates for intergenerational mobility, which is measured in terms of probabilities. We believe that the social mobili many other natural and social science process can be represented by Markov matrices. The results from this study show that after 7 generations the distribution … Show more

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“…In the past years, several methodologies have been proposed and adopted to evaluate intergenerational mobility, which can be broadly classified into two branches [40]. The first type of estimate utilized the income elasticity of offspring in relation to parents' income.…”
Section: Stochastic Modeling For Intergenerational Mobilitymentioning
confidence: 99%
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“…In the past years, several methodologies have been proposed and adopted to evaluate intergenerational mobility, which can be broadly classified into two branches [40]. The first type of estimate utilized the income elasticity of offspring in relation to parents' income.…”
Section: Stochastic Modeling For Intergenerational Mobilitymentioning
confidence: 99%
“…The use of the Markov chain as a tool for evaluating social mobility is old and quite common. In the Markov Chain model, mobility is measured in terms of the probability of offspring to change their socio-economic conditions as compared to their parents' one [40].…”
Section: Stochastic Modeling For Intergenerational Mobilitymentioning
confidence: 99%