We provide the first estimates of intergenerational income mobility for a developing country, namely Brazil. We measure … formal income from tax and employment registries, and we train machine learning models on census and survey data to predict … informal income. The data reveal a much higher degree of persistence than previous estimates available for developed economies …

perceptions of intergenerational mobility change along the income distribution. Empirically, we conduct a survey experiment in … Austria and show that the average treatment effect of information on perceptions is mostly driven by higher income individuals … while low-income respondents hardly react. We replicate this result for the United States and Germany using data from two …

measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity …-egalitarian distribution of income until 2000, and (ii) a less opportunity-egalitarian distribution of wealth after the financial crisis in …

reduce the tax rate on capital income. The third model introduces differential rates of return to capitals of different sizes …