This paper proposes a fully nonparametric model to investigate the dynamics of intergenerational income mobility for … discrete outcomes. In our model, an individual's income class probabilities depend on parental income in a manner that … Panel Study of Income Dynamics (PSID), we find that race and parental education interact with parental income in children …

We analyze the impact of World War II service on income and mobility among male Army and Army Airforce veterans from … Native American veterans earned slightly more. Income effects varied by type of income. Veterans also showed lower rates of …

We study how preferences over the demographic composition of co-patrons affects income segregation in shared spaces. To … two notable regularities: preferences for high-income co-patrons are similar across racial groups, and racial homophily … does not vary by income. These demographic preferences are economically large, explain much of the cross-group variation in …

We carry out a comparative analysis of inequality of opportunity (IOp) for long-run income in Denmark and the United …, with types based only on gender and parental income rank as the circumstances beyond people's control, measured IOp for … income is high in the United States and far from negligible in Denmark: before taxes and transfers, the lower-bound Gini …

Economists have long been aware of utility externalities such as a tendency to compare own income with others'. If … welfare losses from income comparisons are significant, any governmental interventions that alter such attitudes may have … comparing income with others may diminish welfare even when income levels increase makes UK respondents compare incomes more …

earnings shocks and find important asymmetries: positive shocks to high-income individuals are quite transitory, whereas … negative shocks are very persistent; the opposite is true for low-income individuals. Finally, we use these rich sets of …