Kids of the top 1 percent work for dad's company: Miles Corak on inequality in governance.

Rich Canadian Kids Work For Daddy

Moneybox
A blog about business and economics.
Feb. 13 2013 12:17 PM

Canadian Corporate Governance Fact of the Day

Here's an amazing fact from Miles Corak's contribution to an Economist symposium on social mobility: "In Canada almost 7 out of 10 sons born to a father in the top 1% of the earnings distribution had a job with the very same employer as their fathers, much higher than the overall rate for young men."

Here's more.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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