The Great Gatsby Curve describes the positive empirical relationship between cross-sectional income inequality and persistence of income across generations. The scatter plot shows a correlation between income inequality in a country and intergenerational income mobility (the potential for its citizens to achieve upward mobility).
The Great Gatsby Curve describes the positive empirical relationship between cross-sectional income inequality and persistence of income across generations. The scatter plot shows a correlation between income inequality in a country and intergenerational income mobility (the potential for its citizens to achieve upward mobility).
Source: Wikipedia "Great Gatsby Curve" · CC BY-SA 4.0
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