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).
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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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ReportDOI
Intertemporal Labor Supply: An Assessment
David Card,David Card +1 more
TL;DR: The lifecycle labor supply model has been proposed as an explanation for various dimensions of labor supply, including movements over the business cycle, changes with age, and within-person variation over time.
Journal ArticleDOI
Snapshots versus movies
TL;DR: The authors investigated these biases in the context of a lifecycle earnings model and showed that these biases may be large, that their direction varies, and that correction methods suggested previously have questionable reliability.
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Relationships Among the Family Incomes and Labor Market Outcomes of Relatives
TL;DR: This paper examined the links between the labor market outcomes of individuals who are related by blood or by marriage using panel data on pairs of matched family members from the National Longitudinal Survey of Labor Market Experience.
Journal ArticleDOI
Sample selection rules and the intergenerational correlation of earnings
Kenneth A. Couch,Dean R. Lillard +1 more
TL;DR: This paper investigated the sensitivity of estimates of the intergenerational correlation of earnings to different sample selection rules and showed that the estimated correlations are quite sensitive to the selection rule used, which suggests that one should be cautious about using recent estimates to infer the degree of inter-generational mobility.
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