This study develops a dynamic model to analyze the optimal consumption and portfolio choices of households acquiring housing services through renting or owning. The model incorporates time-varying financial constraints, represented by the liquid wealth-to-house value ratio, to provide a unified...

We provide new evidence on intergenerational social mobility among immigrants and natives in France. Using linked parent–child data from censuses, we introduce an individual-level metric - the Intergenerational Rank Difference (IRD) - that measures upward and downward mobility relative to the...

This paper examines earnings differences between first-generation and continuing generation college graduates across 24 OECD countries using data from the OECD Survey of Adult Skills (PIAAC). In all but two of the countries analysed, first-generation graduates earn less than their peers from...

This paper estimates the short-run impact of parental risky behaviors on multiple dimensions of child development using 30 years of data from a representative Russian longitudinal survey. We use factor analysis to construct a composite index of parental risky behaviors and health habits. The...

What happens across generations to random wealth shocks? Do they endure and even magnify, or do they dissipate? By implication, how much of modern wealth is attributable to events before 1900? This paper uses random shocks to family size in England before 1880, that created wealth shocks for the...

A recent article in PNAS "The Inheritance of Social Status in England, 1600-1822" (Clark, 2023) argued that social status in England throughout these years showed a strong and stable pattern of inheritance. This pattern was consistent with the additive genetic inheritance of social abilities, in...

This paper investigates the intergenerational transmission of socio-emotional skills during childhood, using data from the 1970 British Cohort Study (BCS70) in the United Kingdom. This dataset enables us to measure two dimensions of socio-emotional development: internalising and externalising...

Parental transfers of time, education, and money shape intergenerational mobility. Using panel data from birth to retirement, we estimate child skill production functions and embed them in a dynastic model of parental investment. We find that parental time investments have a dual purpose:...

Lacking lifetime income data, most intergenerational mobility estimates are subject to lifecycle bias. Using long income series from Sweden and the US, we illustrate that standard correction methods struggle to account for one important property of income processes: children from affluent...

A growing literature provides evidence on multigenerational inequality - the extent to which socio-economic advantages persist across three or more generations. This chapter reviews its main findings and implications. Most studies find that inequality is more persistent than a naive iteration of...

This paper exploits molecular genetic data to quantify genetic confounding in parent-child educational outcomes. We develop a model of the intergenerational transmission of education based on insights from the literature on social science genetics. The model distinguishes between two types of...

In this paper, we discuss bequests and other intergenerational transfers and what impact they have on the consumption, saving, and labor supply behavior of households. We show that bequests and other intergenerational transfers are prevalent in most countries, that they are sometimes motivated...

This paper is the first to show that intergenerational income mobility in Germany has decreased over time. We estimate intergenerational persistence for the birth cohorts 1968-1987 and find that it rises sharply for cohorts born in the late 1970s and early 1980s, after which it stabilizes at a...

This study investigates the long-term effects of early-life health on intergenerational mobility in Brazil. Using the first cohort in Brazil, conducted in Ribeirão Preto city in 1978-79, linked to administrative income records, we study the effects of low birth weight on upward mobility and...

State-led repression of minority identities is a well-documented phenomenon, yet its implications for national identity remain understudied. We examine how the Soviet state-induced famine (1932–33) shapes contemporary Ukrainian national identity through vertical (familial) and horizontal...

This paper introduces a new global database with estimates of intergenerational income mobility for 87 countries, covering 84 percent of the world's population. This marks a notable expansion of the cross-country evidence base on income mobility, particularly among low- and middle-income...

Drawing on two data sources from across Europe, we show that both bequest motives of parents and children's gender composition shape unequal divisions of bequests. First, the Survey on Health, Ageing and Retirement in Europe reveals that observed bequests are divided unequally when children...

Closer distance between parents and their children facilitates intergenerational contact and exchanges of support in later life. There are mixed narratives and evidence regarding the divergence—or convergence—of intergenerational proximity in ageing societies. In this study, we examine the...

We use data from the Istanbul court registers spanning from the 16th-19th centuries to establish, for the first time, long-term trends in intergenerational mobility in a major premodern city. The dataset contains information on over 270,000 individuals who appeared in court in various roles,...