The Great Gatsby curve is a chart plotting the relationship between inequality and intergenerational social immobility in several countries around the world.
“Social mobility is lower where inequality is higher,” said Miles Corak, from the University of Ottawa, at seminar organised by the University of Luxembourg, the EIB Institute and other partners. This variation should be a public policy concern, he added, even if inequality is not the sole cause, but a signal of a whole set of differences in families, labour markets, and public policy.
As inequality is growing, the more unequal societies will probably not experience more mobility without concerted and effective public policies, he concluded.
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