Has the Intergenerational Transmission of Economic Status Changed?
AbstractOnly a few studies have tried to estimate the trend in the elasticity of children’s economic status with respect to parents’ economic status, and these studies produce conflicting results. In an attempt to reconcile these findings, we use the Panel Study of Income Dynamics to estimate the trend in the elasticity of son’s income with respect to parental income. Our evidence suggests a nonlinear trend in which the elasticity increased for sons born between 1949 and 1953, and then declined for sons born after that. Thus depending on the time periods one compares, the trend could be upward, downward, or flat. This and other factors help explain the different estimates for the trend in mobility.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 40 (2005)
Issue (Month): 1 ()
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Web page: http://jhr.uwpress.org/
Other versions of this item:
- Susan E. Mayer & Leonard Michael Lopoo, 2001. "Has the Intergenerational Transmission of Economic Status Changed?," JCPR Working Papers 227, Northwestern University/University of Chicago Joint Center for Poverty Research.
- Susan E. Mayer & Leonard M. Lopoo, 2001. "Has the Intergenerational Transmission of Economic Status Changed?," Working Papers 0116, Harris School of Public Policy Studies, University of Chicago.
- Susan E. Mayer & Leonard M. Lopoo, 2004. "Has the Intergenerational Transmission of Economic Status Changed?," Working Papers 0414, Harris School of Public Policy Studies, University of Chicago.
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