Question: Assume that there are three classes-upper, middle, and lower-and that social mobility behaves as follows: 1. Of the children of upper-class parents, 70% remain upper-class,
1. Of the children of upper-class parents, 70% remain upper-class, whereas 10% become middle-class and 20% become lower-class.
2. Of the children of middle-class parents, 80% remain middle-class, whereas the others are evenly split between the upper class and the lower class.
3. For the children of lower-class parents, 60% remain lower-class, whereas 30% become middle-class and 10% upper-class.
Find the long-term breakdown of society into classes.
Step by Step Solution
3.31 Rating (154 Votes )
There are 3 Steps involved in it
The transition matrix is P where the columns and rows represent the upper middle and lower cl... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
950-M-L-A-L-S (6298).docx
120 KBs Word File
