Has the Intergenerational Transmission of Economic Status Changed?
Only 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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- Lawrence F. Katz & Kevin M. Murphy, 1992.
"Changes in Relative Wages, 1963–1987: Supply and Demand Factors,"
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- Melissa Osborne & Herbert Gintis & Samuel Bowles, 2001. "The Determinants of Earnings: A Behavioral Approach," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1137-1176, December.
- David I. Levine & Bhashkar Mazumder, 2002. "Choosing the right parents: changes in the intergenerational transmission of inequality between 1980 and the early 1990s," Working Paper Series WP-02-08, Federal Reserve Bank of Chicago.
- Pencavel, John, 1998. "Assortative Mating by Schooling and the Work Behavior of Wives and Husbands," American Economic Review, American Economic Association, vol. 88(2), pages 326-329, May. Full references (including those not matched with items on IDEAS)
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