Question: *Consider a table such as Exhibit 3 in which the family income of parents is grouped by quintiles down the rst column, and that of

*Consider a table such as Exhibit 3 in which the family income of parents is grouped by quintiles down the

rst column, and that of their offspring is grouped by quintiles across the other columns. If there were no intergenerational mobility in this country, what pattern of numbers would appear in the table? If the nation had attained complete equality of opportunity, what pattern of numbers would emerge? Explain.

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