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The Intergenerational Transmission of Housing Wealth

Daysal, N. Meltem; Lovenheim, Michael F.; Wasser, David N. - National Bureau of Economic Research - 2023

Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate … the causal impact of parental housing wealth during different childhood periods on children's long-run wealth accumulation …

Persistent link: https://www.econbiz.de/10014372426

The Gilded Age and Beyond : The Persistence of Elite Wealth in American History

Kalsi, Priti; Ward, Zachary - National Bureau of Economic Research - 2025

Is the top tail of wealth a set of fixed individuals or is there substantial turnover? We estimate upper-tail wealth … dynamics during the Gilded Age and beyond, a time of rapid wealth accumulation and concentration in the late 19th and early 20 …th centuries. Using various wealth proxies and data tracking tens of millions of individuals, we find that most extremely …

Persistent link: https://www.econbiz.de/10015195000

The Importance of Family Background and Neighborhood Effects as Determinants of Crime

Hederos Eriksson, Karin; Hjalmarsson, Randi; Lindquist, … - C.E.P.R. Discussion Papers - 2014

We quantify the importance of family background and neighborhood effects as determinants of criminal convictions and incarceration by estimating sibling and neighborhood correlations. At the extensive margin, factors common to siblings account for 24 percent of the variation in criminal...

Persistent link: https://www.econbiz.de/10011083565

Parents' risk aversion and children's educational attainment

Checchi, Daniele; Fiorio, Carlo V.; Leonardi, Marco - In: Labour Economics 30 (2014) C, pp. 164-175

In this paper we study the role of parental risk aversion on children's educational choices. In a country like Italy where parental support is the main source of funds supporting college enrollment, we show that parents' risk aversion (elicited by surveys on lottery tolerance) has a significant...

Persistent link: https://www.econbiz.de/10011077489

How important is cultural background for the level of intergenerational mobility?

Schnitzlein, Daniel D. - In: Economics Letters 114 (2012) 3, pp. 335-337

Based on brother correlations in permanent earnings for different groups of second generation immigrants, the findings in this paper indicate that cultural background is not a major determinant of the level of intergenerational economic mobility.

Persistent link: https://www.econbiz.de/10010572171

Decomposing the rich dad effect on income inequality using instrumental variable quantile regression

Du, Zaichao; LI, Renyu; He, Qinying; ZHANG, Lin - In: China Economic Review 31 (2014) C, pp. 379-391

In this paper we evaluate the relative importance of the two main channels, namely the composition effect and the income structure effect, through which the paternal income affects children's income inequality. Using data on 2677 pairs of father and children from China Health and Nutrition...

Persistent link: https://www.econbiz.de/10011118129

Is the United States Still a Land of Opportunity? Recent Trends in Intergenerational Mobility

Chetty, Raj; Hendren, Nathaniel; Kline, Patrick; Saez, … - In: American Economic Review 104 (2014) 5, pp. 141-47

We present new evidence on trends in intergenerational mobility in the United States using administrative earnings records. We find that percentile rank-based measures of intergenerational mobility have remained extremely stable for the 1971–1993 birth cohorts. For children born between 1971...

Persistent link: https://www.econbiz.de/10010773979

Inequality and happiness: When perceived social mobility and economic reality do not match

Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A.V. - In: Journal of Economic Behavior & Organization 91 (2013) C, pp. 75-92

We argue that perceived fairness of the income generation process affects the association between income inequality and subjective well-being, and that there are systematic differences in this regard between countries that are characterized by a high or, respectively, low level of actual...

Persistent link: https://www.econbiz.de/10011048143

Intergenerational top income mobility in Sweden: Capitalist dynasties in the land of equal opportunity?

Björklund, Anders; Roine, Jesper; Waldenström, Daniel - In: Journal of Public Economics 96 (2012) 5, pp. 474-484

, increases in the income of the fathers, if they are related at all, are negatively associated with these variables. Wealth, on … distribution and wealth is the most likely channel. …

Persistent link: https://www.econbiz.de/10011056176

On the variability of income within and across generations

Jäntti, Markus; Lindahl, Lena - In: Economics Letters 117 (2012) 1, pp. 165-167

We examine the association of income variability both within and across generations based on a heterogeneous growth model of permanent and transitory income in Sweden. Non-parametric regressions reveal that income variability is strongly associated with long-run levels of income, especially for...

Persistent link: https://www.econbiz.de/10011041732