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                   not only markets, they are also at the conflu-  provided by their past. At each stage of their
                   ence of numerous collective influences and  lives, they examine their circumstances,
                   institutional interventions, which shape  using whatever information, ideas, and
                   supply and demand. And welfare states have  beliefs life has made available to them. They
                   precisely been set up to rectify, up to a point  then adopt a course of action in order to
                   and in a variety of ways, social inequalities  maintain or alter this situation. The process is
                   and their reproduction.                 iterative, as circumstances change, in part as
                     According to Hout and DiPrete, a growing  a result of the course of action selected ear-
                   proportion of research in the field of social  lier. There are of course significant disparities
                   mobility focuses on the lifecourse rather than  in the circumstances of individuals, as well as
                   on the more traditional intergenerational  in the quality of the knowledge available to
                   issues. This is what we want to briefly docu-  make decisions. Moreover, lifecourse research
                   ment here. But we first need to circumscribe  has shown that initial differences in opportuni-
                   the notion of the lifecourse.           ties, sometimes relatively limited, tend to be
                                                           amplified with the passage of time. The timing
                                                           and sequence of events and transitions also
                   What does the notion of lifecourse      play a key role, and consequences of these
                                                           events and transitions unfold in the short, but
                   mean?
                                                           also in the middle and the long term.
                   This is a rich and growing research perspec-  In the second place, life is  multifaceted:
                   tive, going all the way back to Wright Mills’  Individuals contribute to, and derive
                   The Sociological Imagination (1959). It can  resources from various institutions with
                   be, and has been, summarized in a number of  which they are in contact – the family, com-
                   ways. Marshall and Mueller’s account (2003)  munities, markets, the State. Indeed, the life-
                   is particularly useful because it identifies  course of individuals essentially depends on
                   connections initially established by Glen  the extent to which they enjoy resources such
                   Elder (1992), a major figure in lifecourse  as good health, a mastery of knowledge, and
                   research, with the social mobility research  a certain level of economic security. These
                   agenda. In Blau and Duncan’s work, as well  three basic resources can be seen as both
                   as in analysis by means of social mobility  causes and consequences of one another, as
                   tables initiated by Sorokin, time-ordered  the lifecourse unfolds: at various junctures,
                   variables are crucial, as well as the diversity  individuals only fare as well as their health,
                   both in individual experiences, and in social  literacy, and economic security will allow;
                   environments, especially national environ-  and in turn health, literacy, and income secu-
                   ments. As Marshall and Mueller point out,  rity are largely the product of what happens
                   this is closely related to the notion of differ-  at these successive junctures. The reference
                   entiation over time, or cumulative advantage,  to various interdependent forms of capital is
                   which plays an increasingly key role among  useful here: resources are not only used, they
                   lifecourse researchers (Elman and O’Rand,  are also accumulated (or depleted) over the
                   1995; Ferraro and Kelley-Moore, 2003;   lifecourse, thus affecting life chances and
                   O’Rand, 1996).                          social conditions in a cumulative and interac-
                     We are offering here our own version of the  tive way. Besides economic capital, human
                   basic principles of lifecourse analysis, a ver-  and cultural capital, and health capital, social
                   sion well suited to identifying the contours of  capital is increasingly evoked.  Through
                   an emerging paradigm in the social mobility  social networks, individuals can indeed
                   field. We identify four such principles.  mobilize other useful resources for them-
                     In the first place, life is longitudinal: Indi  selves, their families, and their communities.
                   viduals, as human agents, build their future on  In the third place, lives are  linked. This
                   the basis of the constraints and opportunities  means that the lifecourse of individuals is
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