We develop and estimate an equilibrium model of intergenerational earnings persistence based on skill complementarity in production. We show that when a worker's productivity is relatively independent of co-workers' skills (i.e., skills are substitutable) parental investments in a child's human...

This paper analyzes the barriers to occupational mobility using a theoretical framework that parallels that of the gravity models commonly estimated in the trade literature. The model provides an equation linking flows of workers across occupation pairs to a set of source and destination...