A few weeks ago, we were sitting around the office arguing over this simple question: Who had richer parents, journalists or people working in finance? Doctors or artists? More generally: What's the link between household income during childhood and job choice during adulthood?Read this fascinating piece by Quoctrung Bui here.
After some poking around, we figured out how to settle the argument. A government survey has tracked more than 12,000 people for decades. It allowed us to look at the same group of people in 1979 and 2010 — from a time when most were teenagers to the time when they were middle-aged and, for the most part, gainfully employed.
We crunched the data a few ways. First, here's a table that answers our basic question. It links peoples' jobs as adults in 2010 to their parents' income when they were kids in 1979.
Monday, March 31, 2014
Posted by Lenny at 3:30 AM