Social mobility
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A report from the OECD today commented on the link between income and social mobility.
“The impact of family background on future earnings has greater impact in Britain than in countries such as Canada, Australia, Denmark, Norway and England where upbringing impacted on 20 per cent of income.
The TUC trade union said that income inequality and poor social mobility in Britain also lagged behind America, Italy, France and Germany.
The study also found that the UK had a large wage premium to growing up in a better-educated family and a similar wage penalty associated with growing up in a less-educated family.”
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