Using longitudinal data on fathers and their children, this study compares the extent of intergenerational mobility in Germany and the United States and introduces an estimation strategy that corrects estimates of intergenerational earnings elasticities for a possible lifecycle bias. In contrast to previous studies, we find that the extent of intergenerational mobility is more limited in the US...

An experimental study examined the effect of intergenerational contact and stereotype threat on older people's cognitive performance, anxiety, intergroup bias, and identification. Participants completed a series of cognitive tasks under high or low stereotype threat (through comparison with younger people). In line with stereotype threat theory, threat resulted in worse performance. However, th...

Population Aging, Elderly Migration and Education Spending: Intergenerational Conflict Revisited Elderly have been increasingly targeted as a group to enhance economic development and the tax base in communities. While recent literature on elderly migration tends to focus on how elderly migration patterns are influenced by state fiscal variables, the reverse effect from elderly population on fi...

Considering sustainability a matter of intergenerational welfare equity, this paper examines whether an optimal development path can also be sustainable. It argues that the general “zero-net-aggregateinvestment” condition for an optimal development path to be sustainable in the sense of the maximin criterion of intergenerational justice is too demanding to be practical, especially in the contex...

The paper compares the extent of intergenerational earnings and educational correlation in Japan and France. It uses very similar repeated surveys that provide information on educational attainment and family background, conducted in Japan and France. To insure comparability, similar sample restrictions and specifications are imposed. For Japan, we use waves 1965, 1975, 1985, 1995 and 2005. For...

The role of intergenerational altruism in explaining disparities between predicted and actual patterns of wealth accumulation is still unclear. Recent works suggests traditional testing methods may fail because altruism is in fact heterogeneous across the population. This paper uses a heretofore unexamined data set to attempt to identify demographic characteristics that may be correlated with i...

This study estimates the intergenerational mobility of economic status in Japan from the perspective of international comparison. The intergenerational elasticity of earnings and income of offspring with respect to parental income is estimated using microdata from the 1993—2004 rounds of the Japanese Panel Survey of Consumers. The result of instrumental variables estimation suggests intergenera...

We study risk sharing between generations for a variety of realistic collective funded pension schemes, where pension benefits and contributions may depend on the funding ratio and the asset returns. The collective pension schemes organizing intergenerational risk sharing are optimized with respect to the generosity of pension benefits, the asset allocation and the risk allocation rules. We per...

Income Inequality, Equality of Opportunity, and Intergenerational Mobility 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 intergenerational earnings mobility for ...

The perpetuation of a family’s position in the distribution of income from parents to children reflects the genetic and cultural transmission of individual traits, as well as the inheritance of group memberships and income-earning assets. We show that the extent of intergenerational economic status transmission is considerably greater than was thought to be the case a generation ago, the geneti...