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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Essays in Quantitative Macroeconomics
TL;DR: In this paper, a quantitative analysis of intergenerational mobility in the U.S. is presented, showing that despite their higher opportunity costs of time, more skilled parents choose to invest more time in their young children.
Journal ArticleDOI
Does parental migration increase upward intergenerational mobility? Evidence from rural China
Qundi Feng,Qinying He +1 more
TL;DR: Li et al. as mentioned in this paper investigated whether and how parental migration affects individual's upward intergenerational mobility and found that exposure to parental migration in childhood causes a lower probability of upward intergenational mobility but a higher likelihood of downward intergenual mobility, indicating the need for preventive intervention to enhance equal opportunities in children's development.
Posted Content
Selection into Occupations and the Intergenerational Socioeconomic Mobility of Daughters and Sons
TL;DR: For example, the authors analyzes gender differences in occupational status across generations and investigates whether recent changes for women in the labor market have affected intergenerational persistence, finding that men are more upwardly mobile and experience less persistence with respect to their parents' rank in the occupational earnings distribution than women, and the reverse is true for occupational education.
Book ChapterDOI
Chapter 9 Long-Run Factors Influencing Intergenerational Perceived Job Status Mobility
TL;DR: This paper examined the relationship between intergenerational perceived job status mobility and past income inequality and found that higher levels of past Gross Domestic Product (GDP) result in less upward and more downward relative mobility.
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.