Dial

Why and how do rich parents have rich children?

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Synopsis

In Episode 12 of Series 3 of our podcast, Jamie Hentall MacCuish from University College London and the Institute for Fiscal Studies discusses findings from DIAL's TRISP project on the intergenerational elasticity of earnings or why rich parents have rich children.  The Intergenerational Elasticity of Earnings: Exploring the Mechanisms is a DIAL Working Paper.  Transcript Christine Garrington  0:00   Welcome to DIAL a podcast where we tune in to evidence on inequality over the life course. In series three we're discussing emerging findings from DIAL research. For this episode, we're talking to Jamie Hentall MacCuish from University College London and the Institute for Fiscal Studies. He's been investigating why rich parents have rich children. I started by asking him to explain the background to the research. Jamie Hentall MacCuish  0:26   If you will permit me I think it's a bit hard to answer that question without very quickly saying what the paper is about. So in it, we decompose the intergenerational ela