Intergenerational talent transmission, inequality, and social mobility
The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic history-dependence are not affected.
|Date of creation:||Oct 2006|
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- Dilip Mookherjee & Debraj Ray, 2003.
Review of Economic Studies,
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- JÃ¤ntti, Markus & Bratsberg, Bernt & RÃ¸ed, Knut & Raaum, OddbjÃ¸rn & Naylor, Robin & Ã–sterbacka, Eva & BjÃ¸rklund, Anders & Eriksson, Tor, 2005.
"American exceptionalism in a new light: a comparison of intergenerational earnings mobility in the Nordic countries, the United Kingdom and the United States,"
34/2005, Oslo University, Department of Economics.
- Jäntti, Markus & Bratsberg, Bernt & Røed, Knut & Raaum, Oddbjørn & Naylor, Robin & Österbacka, Eva & Björklund, Anders & Eriksson, Tor, 2006. "American Exceptionalism in a New Light: A Comparison of Intergenerational Earnings Mobility in the Nordic Countries, the United Kingdom and the United States," IZA Discussion Papers 1938, Institute for the Study of Labor (IZA).
- Jäntti, Markus & Bratsberg,Bernt & Røed, Knut & Raaum, Oddbjørn & Naylor, Robin & Österbacka, Eva & Björklund, Anders & Eriksson, Tor, 2007. "American exceptionalism in a new light : a comparison of intergenerational earnings mobility in the Nordic countries, the United Kingdom and the United States," The Warwick Economics Research Paper Series (TWERPS) 781, University of Warwick, Department of Economics.
- Maoz, Yishay D & Moav, Omer, 1999. "Intergenerational Mobility and the Process of Development," Economic Journal, Royal Economic Society, vol. 109(458), pages 677-97, October.
- Bhashkar Mazumder, 2005. "Fortunate Sons: New Estimates of Intergenerational Mobility in the United States Using Social Security Earnings Data," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 235-255, May.
- Mookherjee, Dilip & Napel, Stefan, 2007.
"Intergenerational mobility and macroeconomic history dependence,"
Journal of Economic Theory,
Elsevier, vol. 137(1), pages 49-78, November.
- Dilip Mokherjee & Stefan Napel, 2006. "Intergenerational Mobility and Macroeconomic History Dependence," Discussion Papers 1, Aboa Centre for Economics.
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- Freeman, Scott, 1996. "Equilibrium Income Inequality among Identical Agents," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 1047-64, October.
- Peter Arcidiacono, 2005. "Affirmative Action in Higher Education: How Do Admission and Financial Aid Rules Affect Future Earnings?," Econometrica, Econometric Society, vol. 73(5), pages 1477-1524, 09.
- Couch, K.A. & Morand, O.F., 2005. "Inequality, mobility, and the transmission of ability," Journal of Macroeconomics, Elsevier, vol. 27(2), pages 365-377, June.
- Jimmy Chan & Erik Eyster, 2003. "Does Banning Affirmative Action Lower College Student Quality?," American Economic Review, American Economic Association, vol. 93(3), pages 858-872, June.
- Ljungqvist, Lars, 1993. "Economic underdevelopment : The case of a missing market for human capital," Journal of Development Economics, Elsevier, vol. 40(2), pages 219-239, April.
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