This paper examines the similarity in the association between earnings of sons and fathers in Germany and the United States. It relaxes the log-linear functional form imposed in most studies of the intergenerational earnings association. Theory implies the relationship between earnings of...

"Years after the Great Recession, the economy is still weak, and an unprecedented number of workers have sunk into long spells of unemployment, increasingly unlikely to get another good job in their lifetimes. Based on a careful crossnational comparison, "Cut Loose" describes the experiences of...