A Theory of Intergenerational Mobility
نویسندگان
چکیده
منابع مشابه
A Theory of Intergenerational Mobility
We develop a model of intergenerational resource transmission that emphasizes the link between cross-sectional inequality and intergenerational mobility. By drawing on first principles of human capital theory, we derive several novel results. In particular, we show that, even in a world with perfect capital markets and without differences in innate ability, wealthy parents invest, on average, m...
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This study investigates intergenerational earnings mobility in Korea for sons born between 1958 and 1973 and compares Korea’s mobility to that of other nations. It uses data from the Korea Labor and Income Panel Study and the Household Income and Expenditure Survey conducted by the Korean National Statistics Bureau. Since no single Korean dataset includes information on both sons’ and their fat...
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A large literature on ‘endogenous inequality’ has argued that persistent differences in macroeconomic performance across countries can be explained by historical inequality, owing to indivisibilities in occupational choice and borrowing constraints. These models are characterized by homogenous agents, a continuum of steady states and lack of mobility in every steady state. We show that introduc...
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This paper provides the first full account of intergenerational mobility in Britain using the British Household Panel Survey (BHPS) for the period 1991-1999. The estimates obtained from a sample of all adults who provide information on their parents’ occupation when they were aged 14 point to an intergenerational elasticity – measured in terms of Hope-Goldthorpe scores of occupational prestige ...
متن کاملIntergenerational Mobility in Britain*
We use longitudinal data on children and their parents to assess the extent of intergenerational mobility in Britain. Based on data from the National Child Development Survey, a cohort of all individuals born in a week of March , we find that the extent of intergenerational mobility is limited. We report a clear intergenerational correlation between fathers and both sons and daughters in te...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2652891