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Intergenerational mobility: measurement and the role of borrowing constraints and inherited tastes

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  • Jordi Caballé

    (Universitat Autònoma de Barcelona)

Abstract

In this paper, I present some popular measures of mobility in economic outcomes within a family across generations. I also discuss two of the most important factors preventing intergenerational mobility: existence of financially constrained individuals and transmission of tastes from parents to children. Finally, I show how these two factors could give raise to dramatic reversals of fortune affecting successive generations of the same dynasty. I will cast the results of the different models I use in terms of the previous measures of intergenerational mobility.

Suggested Citation

  • Jordi Caballé, 2016. "Intergenerational mobility: measurement and the role of borrowing constraints and inherited tastes," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 7(4), pages 393-420, November.
    • Handle: RePEc:spr:series:v:7:y:2016:i:4:d:10.1007_s13209-016-0149-2
    DOI: 10.1007/s13209-016-0149-2
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    More about this item

    Keywords

    Intergenerational mobility; Inherited tastes; Borrowing constraints;
    All these keywords.

    JEL classification:

    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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