Which of the following was the most likely wealth status of the children of both the richest and the poorest quintile of parents (measured in 1977) ?
A) They will remain in the richest or poorest quintile, respectively.
B) They will move up in wealth.
C) They will drop in wealth.
D) The poor will move to the higher quintile in wealth, whereas the richtest will drop to the second wealthiest quintile.
Correct Answer:
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