The Son Also Rises
looks at social mobility, of which income and wealth correlation from generation to generation is a component, across a range of societies including the U.S., England, Sweden, India, China, Japan, and Korea. It turns out that there is no correlation between the ethnic homogeneity of a society and the amount of social mobility, contrary to what one would expect if racism were a factor in keeping sub-sections of a society either in a high-status or low-status condition.
I’m going to be writing about this important book in the days to come so I recommend grabbing the Kindle version to everyone who is interested in the questions “Why are some people more successful than others?”, “Whom should I have children with?”, “How many children should I have?”, and “What should I do with those children?”