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Intergenerational Income Mobility in the United States
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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.Abstract:
Social scientists and policy analysts have long expressed concern about the extent of intergenerational income mobility in the United States, but remarkably little empirical evidence is available. The few existing estimates of the intergenerational correlation in income have been biased downward by measurement error, unrepresentative samples, or both. New estimates based on intergenerational data from the Panel Study of Income Dynamics imply that the intergenerational correlation in long-run income is at least 0.4, indicating dramatically less mobility than suggested by earlier research. Copyright 1992 by American Economic Association.read more
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Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States*
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Intergenerational Mobility in the Labor Market
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References
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Journal ArticleDOI
A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
TL;DR: In this article, a parameter covariance matrix estimator which is consistent even when the disturbances of a linear regression model are heteroskedastic is presented, which does not depend on a formal model of the structure of the heteroSkewedness.
Book
Human capital and the rise and fall of families
Gary S. Becker,Nigel Tomes +1 more
TL;DR: In this paper, a model of the transmission of earnings, assets, and consumption from parents to descendants is developed, assuming utility-maximizing parents who are concerned about the welfare of their children.
Posted Content
Regression Toward Mediocrity in Economic Stature
TL;DR: The authors found that the intergenerational correlation in lifetime earnings between fathers and sons was on the order of 0.4, which suggests considerably less inter-generational mobility than previously believed.