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"Solon's (1992) landmark study estimated the intergenerational elasticity (IGE) in income between fathers and sons to …
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"This study presents evidence that the correlation in brothers' earnings has risen in recent decades. We use two distinct cohorts of young men from the National Longitudinal Surveys and estimate that the correlation in earnings between brothers rose from 0.26 to 0.45. This suggests that family...
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with the likelihood of being middle class. The example of Colombia illustrates that, while growing in size, this income …
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