Family Background, Intergenerational Mobility, and Earnings Distribution : Evidence from the United States
An emerging literature in the field of income distribution suggests that inequality may persist in the long run. U.S. father and son income data extracted from the PSID support the hypothesis that the distribution of earnings of children raised in privileged environments welfare-dominates that of children of disadvantaged backgrounds. We provide explanations for this finding. On the whole though the intergenerational probability matrix of earnings exhibits a pattern of symmetry with transitions from class i to class j equally likely as movements from class j to class i.
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|Date of creation:||Nov 1996|
|Date of revision:|
|Publication status:||Published in Swiss Journal of Economics and Statistics, vol.143, 1998, pp. 527-543|
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