The Intergenerational Transfer of Socioeconomic Inequality: Two Decades in Review

Exploring the causations and consequences of socioeconomic inequality inheritance is imperative since the disparity has implications not only for the families themselves but also for individual development, social fairness, population processes, and the overall well-being of a society. In the new millennium, scholars have covered fresh ground by exploring a sequence of new mechanisms contributing to the origination and reproduction of inequalities among families. This review of empirical articles in the past two decades has revealed that the advancements and innovations are majorly focused on the perspectives of family stress, monetary transfers, parenting, sibling dilution, homogamy, and marital status. Finally, researchers have produced voluminous literatures on the efforts to propel the theoretical and empirical developments in this field of studies.