Journal ArticleDOI
Fortunate Sons: New Estimates of Intergenerational Mobility in the United States Using Social Security Earnings Data
TLDR
This article found that intergenerational mobility is significantly lower for families with little or no wealth, offering empirical support for theoretical models that predict differences due to borrowing constraints, suggesting that the United States is substantially less mobile than previous research indicated.Abstract:
Previous studies, relying on short-term averages of fathers' earnings, have estimated the intergenerational elasticity (IGE) in earnings to be approximately 0.4. Due to persistent transitory fluctuations, these estimates have been biased down by approximately 30% or more. Using administrative data containing the earnings histories of parents and children, the IGE is estimated to be around 0.6. This suggests that the United States is substantially less mobile than previous research indicated. Estimates of intergenerational mobility are significantly lower for families with little or no wealth, offering empirical support for theoretical models that predict differences due to borrowing constraints.read more
Citations
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Journal ArticleDOI
A Forced Critique of the Intergenerational Elasticity of the Conditional Expectation
Pablo A. Mitnik,David B. Grusky +1 more
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Intergenerational Income Mobility: Counterfactual Distributions with a Continuous Treatment
Brantly Callaway,Weige Huang +1 more
TL;DR: This article developed new methods to study the entire distribution of child's income as a function of parents' income while adjusting for differences in background characteristics (e.g., race or parents' education) across children whose parents had different incomes.
Journal ArticleDOI
¿Padre pobre, hijo pobre? Un análisis de la movilidad intergeneracional de ingresos en la cohorte de nacimientos de 1982, Pelotas, Rio Grande do Sul, Brasil
Cesar Augusto Oviedo Tejada,Andréa Dâmaso Bertoldi,André Carraro,Felipe Garcia Ribeiro,Janaína Vieira dos Santos Motta,Janaína Vieira dos Santos Motta,Fernando C. Barros,Bernardo L. Horta,Aluísio J D Barros +8 more
TL;DR: The authors analyzes a mobilidade intergeracional de renda in the coorte de nascimentos de 1982 em Pelotas, Rio Grande do Sul, Brazil.
Journal ArticleDOI
Local Intergenerational Mobility
TL;DR: In this article, the authors investigate whether the observed patterns of intergenerational persistence in cognitive and non-cognitive abilities are consistent with the predictions of the genetic hypothesis using NLSY data.
References
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Journal ArticleDOI
An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility
Gary S. Becker,Nigel Tomes +1 more
TL;DR: The theory of inequality and intergenerational mobility presented in this paper assumes that each family maximizes a utility function spanning several generations, which depends on the consumption of parents and on the quantity and quality of their children.
Posted Content
Intergenerational Income Mobility in the United States
TL;DR: For example, this article showed that the intergenerational correlation in long-run income is at least 0.4, indicating dramatically less mobility than suggested by earlier research, indicating less mobility.
Posted ContentDOI
Human Capital Policy
TL;DR: This paper showed the importance of cognitive and non-cognitive skills that are formed early in the life cycle in accounting for racial, ethnic and family background gaps in schooling and other dimensions of socioeconomic success.
Journal ArticleDOI
Least absolute deviations estimation for the censored regression model
TL;DR: In this paper, an alternative to maximum likelihood estimation of the parameters of the censored regression (or censored 'Tobit' model) is proposed, which is a generalization of least absolute deviations estimation for the standard linear model, and is also robust to heteroscedasticity.
Journal ArticleDOI
The Dynamics of Educational Attainment for Black, Hispanic, and White Males
TL;DR: The authors found that the long-run factors associated with parental background and family environment, and not credit constraints facing prospective students in the college-going years, account for most of the racial and ethnic disparities in college attendance.