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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Journal ArticleDOI
Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States*
TL;DR: In this article, the authors use administrative records on the incomes of more than 40 million children and their parents to describe three features of intergenerational mobility in the United States: the joint distribution of parent and child income at the national level, the conditional expectation of child income given parent income, and the factors correlated with upward mobility.
Journal ArticleDOI
Intelligence and socioeconomic success: A meta-analytic review of longitudinal research ☆
TL;DR: This paper conducted a meta-analysis of the longitudinal studies that have investigated intelligence as a predictor of success (as measured by education, occupation, and income) in order to better evaluate the predictive power of intelligence, also including meta-analyses of parental socioeconomic status (SES) and academic performance (school grades).
Posted Content
Life-Cycle Variation in the Association between Current and Lifetime Earnings
TL;DR: The authors found that the relationship between current and lifetime earnings departs substantially from the textbook errors-in-variables model in ways that vary systematically over the life cycle, which can enable more appropriate analysis of and correction for errors in variance bias in a wide range of research that uses current earnings to proxy for lifetime earnings.
Journal ArticleDOI
Life-cycle variation in the association between current and lifetime earnings
Steven J. Haider,Gary Solon +1 more
TL;DR: This article found that the relationship between current and lifetime earnings departs substantially from the textbook errors-in-variables model in ways that vary systematically over the life cycle, which can enable more appropriate analysis of, and correction for, errors in variance bias in any research that uses current earnings to proxy for lifetime earnings.
Journal ArticleDOI
Trends in Intergenerational Income Mobility
Chul In Lee,Gary Solon +1 more
TL;DR: In this paper, the authors make more efficient use of the available information in the Panel Study of Income Dynamics, and generate more reliable estimates of the recent time-series variation in intergenerational mobility.
References
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Journal ArticleDOI
Does parents' money matter?
TL;DR: The authors found that changes in parents' income due to luck have a negligible impact on children's human capital for most families, although parents' money does matter for families whose father has low education.
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The Intergenerational Earnings and Income Mobility of Canadian Men: Evidence from Longitudinal Income Tax Data
Miles Corak,Andrew Heisz +1 more
TL;DR: The authors used tax information on about 400,000 father-son pairs, and found intergenerational earnings elasticities to be about 0.2, with higher mobility at the lower end of the income distribution than at the upper end.
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An Analysis of the Impact of Sample Attrition on the Second Generation of Respondents in the Michigan Panel Study of Income Dynamics
TL;DR: In this paper, the authors tried to estimate the trend in the elasticity of children's economic status with respect to parents' economic status, and these studies produce conflicting results, and in an attempt to reconcile these findings, they use the Panel Study...
Journal ArticleDOI
Intergenerational Earnings Mobility in the United States: Some Estimates and a Test of Becker's Intergenerational Endowments Model
Jere R. Behrman,Paul Taubman +1 more
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Rising U.S. Earnings Inequality and Family Labor Supply: The Covariance Structure of Intrafamily Earnings
TL;DR: In this paper, the authors studied the labor supply contributions to individual and family earnings inequality during the period of rising wage inequality in the early 1980's and found that labor supply explains little of the rising annual earnings inequality for married men, but over 20 percent of the rise in family inequality and 50 percent of a modest rise in female inequality.