The US also has comparable pre-tax inequality to Sweden. Nordic egalitarianism is achieved through the tax and transfer system:https://twitter.com/arpitrage/status/1196325173705748480 …
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US v. Sweden education: - Swedish student loan debt is comparable to the US, despite low Swedish tuition rates (https://www.nytimes.com/2018/04/02/upshot/an-international-final-four-which-country-handles-student-debt-best.html …) - Family income predicts educational attainment about equally in the US, UK, Sweden, despite US tuitionhttps://academic.oup.com/sf/article/96/1/121/3885844#94963326 …
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The returns to education are high in the US, so a natural explanation for the greater intergenerational persistence in income would be family income -> education -> child income
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Yet as this paper argues; the US has greater intergenerational income transmission because family income predicts child income more *conditional* on education! https://academic.oup.com/sf/article/96/1/121/3885844#94963326 …pic.twitter.com/V1JUUupTZp
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Maybe this is known, but I find it a pretty striking set of results: - Upper middle class families in the US focus a lot on education, but they have access to internationally unique technologies (let's just say privilege) that insulates social class
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- We worry a lot about tuition (and for good reason); but at a first glance internationally it does not seem to have obvious effects on educational attainment or even student loan balances
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