We present a model of endogenous schooling and earnings to isolate the causal effect of parents' education on children …'s education and earnings outcomes. The model suggests that parents' education is positively related to children's earnings, but … regressing children's schooling on parents' schooling is mainly accounted for by the correlation between parents' schooling and …

There are many possible pathways between parental education, income, and health, and between child health and education … status (as measured by education, income, occupation, or in some cases area of residence) and child health, and between child … health and adult education or income. Specifically, I ask two questions: What is the evidence regarding whether parental …

Previous studies of recent U.S. trends in intergenerational income mobility have produced widely varying results … Income Dynamics, we generate more reliable estimates of the recent time-series variation in intergenerational mobility. Our …

Inequality in income or earnings is the most indisputable fact about the distribution of income. Inequality in income … income redistribution, and the efficacy of various policy tools, economists are also concerned with establishing how various …. Economists have constructed various theories that purport to explain income distribution. Some aspects of these theories have …