Intergenerational dependence in education and income
This paper takes up Goldberger's suggestion to investigate the links across generations using nonmonetary measures of status. It is found that the links in educational attainment are somewhat stronger than, and statistically significant from, those in income even if the income data are adjusted for measurement errors. This result accords well with the theoretical work of Galor and Zeira and others which emphasizes the role of market imperfections in human capital accumulation persistence.
Volume (Year): 9 (2002)
Issue (Month): 3 ()
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- Goldberger, Arthur S, 1989.
"Economic and Mechanical Models of Intergenerational Transmission,"
American Economic Review,
American Economic Association, vol. 79(3), pages 504-13, June.
- Goldberger, A.S., 1989. "Economic And Mechanical Models Of Intergenerational Transmission," Working papers 374, Wisconsin Madison - Social Systems.
- Galor, Oded & Zeira, Joseph, 1988.
"Income Distribution and Macroeconomics,"
51644, University Library of Munich, Germany, revised 01 Sep 1989.
- Durlauf, S.N. & Cooper, S.J. & Johnson, P.A., 1993. "On the Evolution of Economic Status Across Generations," Working papers 9329, Wisconsin Madison - Social Systems.
- Solon, Gary, 1992. "Intergenerational Income Mobility in the United States," American Economic Review, American Economic Association, vol. 82(3), pages 393-408, June.
- Bowles, Samuel, 1972. "Schooling and Inequality from Generation to Generation," Journal of Political Economy, University of Chicago Press, vol. 80(3), pages S219-S51, Part II, .
- Shorrocks, A F, 1976. "Income Mobility and the Markov Assumption," Economic Journal, Royal Economic Society, vol. 86(343), pages 566-78, September.
- Shorrocks, A F, 1978. "The Measurement of Mobility," Econometrica, Econometric Society, vol. 46(5), pages 1013-24, September.
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