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A University of Kansas Study Shows the Following One-Generation Transition

question 248

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A University of Kansas study shows the following one-generation transition probabilities among four major income groups. In the long term, what percentage of male earners would you expect to find in each category  Father’s  Income  Son’s income  Bottom 10%1050%5090% Top 10% Bottom 10%0.60.320.070.011050%0.10.480.380.045090%0.040.380.480.1 Top 10%0.010.070.320.6\begin{array} { | l | l | l | l | l | } \hline { \begin{array} { l } \text { Father's } \\\text { Income }\end{array} } & { \text { Son's income } } \\ & \begin{array} { l } \text { Bottom } \\\mathbf { 1 0 \% }\end{array} & \mathbf { 1 0 - 5 0 \% } & \mathbf { 5 0 - 9 0 \% } & \begin{array} { l } \text { Top } \\\mathbf { 1 0 \% }\end{array} \\\hline \begin{array} { l } \text { Bottom } \\\mathbf { 1 0 \% }\end{array} & 0.6 & 0.32 & 0.07 & 0.01 \\\hline \mathbf { 1 0 - 5 0 \% } & 0.1 & 0.48 & 0.38 & 0.04 \\\hline \mathbf { 5 0 - 9 0 \% } & 0.04 & 0.38 & 0.48 & 0.1 \\\hline \begin{array} { l } \text { Top } \\\mathbf { 1 0 \% }\end{array} & 0.01 & 0.07 & 0.32 & 0.6 \\\hline\end{array}

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