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
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Parents, Siblings and Schoolmates: The Effects of Family-School Interactions on Educational Achievement and Long-Term Labor Market Outcomes
TL;DR: In this paper, the effects of schoolmates' gender and average parental education on individual educational achievement, employment and earnings vary with individual family characteristics such as the gender of siblings and own parental education.
Journal ArticleDOI
Intergenerational mobility in education: is africa different?
TL;DR: In this paper, the authors analyzed the intergenerational transmission of education in nine Sub-Saharan African countries, using nationally representative household survey data on parents of adult individuals, and provided the levels and trends of intergeneration persistence of years of schooling over 50 years, and also ranked the nine countries relative to other nations.
Journal ArticleDOI
Intergenerational talent transmission, inequality, and social mobility
Stefan Napel,Andrea Schneider +1 more
TL;DR: In this paper, the authors investigated the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints and found that positive talent correlation reduces social mobility but steady state inequality and macroeconomic history-dependence are not affected.
Journal ArticleDOI
Neighborhood Dynamics and the Distribution of Opportunity
TL;DR: The authors used an overlapping-generations dynamic general equilibrium model of residential sorting and intergenerational human capital accumulation to investigate the effects of neighborhood externalities, and used the model to test a prominent hypothesis about the concentration of poverty within racially-segregated neighborhoods.
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Intergenerational Earnings Mobility and Returns to Education in Hong Kong: A Developed Society with High Economic Inequality
TL;DR: In this article, the authors investigated the change in intergenerational earnings mobility and returns to education in Hong Kong over time, using data drawn from the 1996, 2006 and 2016 Hong Kong Population By-Censuses.
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.
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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.
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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.