Plusieurs articles recents ont souligne la non-linearite de la relation entre le revenu des parents et celui de leurs enfants pour expliquer les contraintes intergenerationnelles considerables au chapitre du credit. Dans le present article, nous soutenons que toute tendance, quelle qu'elle soit,...

Several recent papers have cited non-linearities in the relationship between incomes of parents and their children as evidence of important intergenerational credit constraints. This paper argues that any pattern in the conditional expectation function can be justified by a properly constructed...