Increasing labor mobility has an impact on all redistributive policy measures undertaken by national governments. This paper focuses on intergenerational redistribution, in particular PAYG financed public pension systems, and surveys some of the recent literature on this topic. Two different strands in the literature are covered: In the median-voter framework, policy outcomes depend on both the...

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 present new estimates of intergenerational earnings elasticity for Australia. We closely follow the methodology used by Leigh (2007), but use considerably more data (twelve waves of HILDA and four waves of PSID). Our adjusted estimates are intended to be comparable to those for other countries in Corak (2013). Our preferred estimate (0.35) is considerably higher than implied by Leigh's study...

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This paper studies differences in social mobility between rich and poor families. The paper shows that borrowing constraints retard social mobility among the poor by preventing poor parents from investing optimally in the their children’s human capital. This evidence contradicts several recent studies that argue that innate ability is the overriding determinant of socioeconomic performance in t...

Several authors have speculated that differences in parental involvement across parents’ educational attainment may influence the intergenerational transmission of education; however, these literatures have yet to be formally integrated. We begin to fill this gap in the literature by estimating augmented intergenerational mobility models that include measures of parental involvement and childre...

This paper aims to study the process of intergenerational income mobility in some Latin American economies (Brazil and Panama), which have been much neglected relevant literature. Like other countries area, Brazil Panama a stagnant economy coupled with high inequality. Our rich dataset allows us provide most reliable estimates mobility, after controlling for number additional control variables ...