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Families, labor markets, and public policies all structure a child's opportunities and determine the extent to which adult earnings are related to family background. Cross-country comparisons and the underlying trends suggest that these drivers will most likely lower the degree of...
Persistent link: https://www.econbiz.de/10009777000
The phenomenon of systemic changes in the fortunes of social groups is hard to reconcile with traditional macroeconomic models of intergenerational mobility. This paper, therefore, proposes a theory of endogenous reversal of fortune, whereby instilling strict work norms is an instrument to...
Persistent link: https://www.econbiz.de/10003693707
We examine how intergenerational income mobility responds to structural changes in a simple theoretical model of intergenerational transmission, deviating from the existing literature by explicitly analyzing the transition path between steady states. We find that mobility depends not only on...
Persistent link: https://www.econbiz.de/10009777023
We examine intergenerational mobility in the very long run, across generations that are six centuries apart. We exploit a unique dataset containing detailed information at the individual level for all people living in the Italian city of Florence in 1427. These individuals have been associated,...
Persistent link: https://www.econbiz.de/10012980840
We study the link between market forces, cross-sectional inequality, and intergenerational mobility. Emphasizing complementarities in the production of human capital, we show that wealthy parents invest, on average, more in their offspring than poorer ones. As a result, economic status persists...
Persistent link: https://www.econbiz.de/10012937011
The literature on intergenerational income mobility uses a diverse set of measures and there is limited knowledge about whether these measures provide similar information and yield similar conclusions. We provide a framework to highlight the key concepts and properties of the different...
Persistent link: https://www.econbiz.de/10014048669
A body of evidence has emerged in the literature on intergenerational mobility documenting that countries with large income differences also have less intergenerational mobility: a relationship known as the Great Gatsby Curve. In this paper, I estimate the Great Gatsby Curve within Sweden...
Persistent link: https://www.econbiz.de/10012098177
We estimate the intergenerational elasticity (IGE) of income for the Netherlands using complete population data for around 177,000 28-year olds. We find that IGEs are much lower when actual individual income data are used rather than proxies or aggregates for income. Though low, daughters' IGEs...
Persistent link: https://www.econbiz.de/10012126190
This paper offers an explanation for some evidence that intergenerational earnings mobility is higher in more developed economies and that mobility is positively correlated with wage equality. In the model mobility promotes economic growth via its effect on the accumulation and allocation of...
Persistent link: https://www.econbiz.de/10014110938
We study the implications of differential fertility on cross-sectional inequality in a canonical model of the intergenerational transmission of capital. Our main theoretical result shows that, with differential fertility, there exist stable atomless steady state distributions of capital where...
Persistent link: https://www.econbiz.de/10013211714