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
Geography of mobility and parenting behavior in low income families.
TL;DR: In this paper, the authors examined whether living in higher intergenerational mobility counties is associated with less harsh parenting, material hardship, household violence and substance use, and low child supervision for low-income families.
Journal ArticleDOI
Long‐Term Trends in Relative Earnings Mobility
TL;DR: The extent of individual mobility across hierarchical ranks of the income distribution is a critical factor in interpreting the sociopolitical significance of well-documented increases in cross-sectional inequality as mentioned in this paper, which is the objective of this study.
Journal ArticleDOI
Intergenerational Earnings Persistence in Italy between Actual Father–Son Pairs Accounting for Lifecycle and Attenuation Bias
Francesco Bloise,Michele Raitano +1 more
TL;DR: In this paper, the authors used a longitudinal dataset built merging administrative and survey data, providing the first estimate of the intergenerational earnings elasticity (IGE) in Italy based on actual father-son pairs, taking into account issues related to measurement biases and comparing the size of the lifecycle bias when sons are selected by age or by potential experience (i.e. the number of years since the end of their studies).
Journal ArticleDOI
A Nonparametric Nonclassical Measurement Error Approach to Estimating Intergenerational Mobility Elasticities
Yonghong An,Le Wang,Ruli Xiao +2 more
TL;DR: In this article, a framework for estimating intergenerational mobility elasticities (IGEs) of children's income with respect to their parental income is presented, allowing the IGEs to be heterogeneous.
Dissertation
Loss aversion and the intergenerational correlation of income
TL;DR: In this paper, a behavioral explanation for the intergenerational correlation of income in the United States is provided, which accounts for almost half of the unexplained correlation, and three possibilities (wage discrimination, lower earning ability and low aspirations) for these gaps within the framework of a model with loss aversion and inherited reference consumption.
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.