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
More filters
Journal ArticleDOI
Estimating the late-life effects of social and emotional skills in childhood using midlife mediators
TL;DR: In this paper, the authors constructed a pooled safety analysis to better understand zanubrutinib-associated treatment-emergent adverse events (TEAEs) and identify treatment-limiting toxicities.
Intergenerational Mobility, Inequality and Government Investment in the United States
TL;DR: Intergenerational Mobility, Inequality and Government Investment in the United States as mentioned in this paper, discusses intergenerational mobility, inequality, and government investment in the US for the first time.
Posted Content
Intergenerational Altruism and Transfers of Time and Money: A Lifecycle Perspective
TL;DR: This paper developed a dynastic model of household decision-making with intergenerational altruism that nests a child production function, incorporating all three types of investments, and allowed them to quantify their relative importance and estimate the strength of inter generational altruism, finding that around 40% of differences in average lifetime income by paternal education are explained by ability at age 7, around 40\% by subsequent divergence in ability and different educational outcomes, and around 20% by inter-vivos transfers and bequests received so far.
Posted Content
How does family structure affect children's outcomes? Evidence from the civil war
TL;DR: The authors found no evidence that a father's death in the war affected his child's labor income as a young adult and no effect on labor force participation or the chance of being married in 1880.
Perspectives on median income stagnation in America, 1973 to today
TL;DR: The United States has been one of the richest major countries in the world for over 100 years now, and it remains the largest major country in world today as discussed by the authors, and the United States is still the most unequal country in the developed world.
References
More filters
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.