Intergenerational mobility and macroeconomic history dependence

Intergenerational mobility and macroeconomic history dependence

That historical inequality can affect long run macroeconomic performance has been argued by a large literature using models of indivisibilities in occupational choice, combined with credit constraints. Most of these models are characterized by a continuum of steady states, and absence of mobility in any steady state. We augment such a model with heterogeneity in agents’ abilities in order to ge...

Education Systems and Intergenerational Mobility

Ethnic Capital and Intergenerational Mobility*

This paper analyzes the extent to which ethnic skill differentials are transmitted across generations. I assume that ethnicity acts as an externality in the human capital accumulation process. The skills of the next generation depend on parental inputs and on the quality of the ethnic environment in which parents make their investments, or "ethnic capital." The empirical evidence reveals that t...

Intergenerational mobility in Korea

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...

[Running title: Intergenerational Mobility]

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...