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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Posted Content
Inclusive Growth and Absolute Intragenerational Mobility in the United States, 1962-2014
TL;DR: In this article, the authors combine historical cross-sectional and longitudinal income and wealth data in the United States to present the evolution of absolute intragenerational mobility from the 1960s onward.
Posted Content
Estimates of intergenerational elasticities based on lifetime earnings
TL;DR: The authors used Norwegian intergenerational data with a substantial part of the life cycle earnings of children and almost the entire life-cycle earnings for their fathers to show that extending the length of the fathers' earnings windows from 5 to 30 years increases the estimated elasticities, while increasing the age of father at observation has the opposite effect.
Dissertation
All In The Family: Three Studies on Kinship, Networks and Career Outcomes
TL;DR: In this article, the authors studied the impact of kinship by distinguishing between two forms of nepotism on the career outcome of the show business families' descendants and found strong support for their sponsorship hypotheses, but also noted the continuing importance of direct forms of family preferment in an industry characterized by single-project organizations and boundaryless careers.
ReportDOI
The intergenerational transmission of mental and physical health in the United Kingdom
TL;DR: An overall measure of welfare that combines income and health, and estimates that parents' mental health is much more strongly associated with children's health than parents' physical health indicating that mental health might be a more important transmission channel.
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.