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Why do wealthy parents have wealthy children?

Fagereng, Andreas; Mogstad, Magne; Rønning, Marte - 2018

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …

Persistent link: https://www.econbiz.de/10011814565

Social mobility in Germany

Dodin, Majed; Findeisen, Sebastian; Henkel, Lukas; … - 2021

We characterize intergenerational mobility in Germany using census data on educational attainment and parental income for 526,000 children. Our measure of educational attainment is the A-Level degree, a requirement for access to university. A 10 percentile increase in the parental income rank is...

Persistent link: https://www.econbiz.de/10012597896

The intergenerational transmission of housing wealth

Daysal, N. Meltem; Lovenheim, Michael F.; Wasser, David N. - 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/10014364658

Family background and the responses to higher SAT scores

Graetz, George; Öckert, Björn; Nordström Skans, Oskar - 2020

Using discontinuities within the Swedish SAT system, we show that additional admission opportunities causally affect college choices. Students with high-educated parents change timing, colleges, and fields in ways that appear consistent with basic economic theory. In contrast, very talented...

Persistent link: https://www.econbiz.de/10012229310

Uncovering Gatsby curves

Bouchard St-Amant, Pier-André; Garon, Jean-Denis; … - 2020

Empirical findings suggest a positive correlation between inequality and social immobility, a phenomenon coined the Gatsby curve. However, complete explanations of the phenomenon have not yet been proposed. This paper answers two questions: What are Gatsby curves? When do they exist? We build a...

Persistent link: https://www.econbiz.de/10012154893

Quantifying the role of firms in intergenerational mobility

Castro Dobbin, Cauê de; Zohar, Tom - 2023

We investigate the role of firms in intergenerational mobility by decomposing the intergenerational elasticity of earnings (IGE) into firm-IGE and individual-IGE using a two-way fixed effects framework. Using data from Israel, we find that the firm component is responsible for 22% of the overall...

Persistent link: https://www.econbiz.de/10014427587

Getting lucky : the long-term consequences of exam luck

Landaud, Fanny; Maurin, Eric; Willage, Barton; Willén, … - 2022

This paper studies the impact of exam luck on individuals’ education and labor market success. We leverage unique features of the Norwegian education system that produce random variation in the content of the exams taken by students at the end of high school. Lucky students take exams in...

Persistent link: https://www.econbiz.de/10012817815

The expected (signaling) value of higher education

Ehrmantraut, Laura; Pinger, Pia; Stans, Renske - 2020

This paper explores students' expectations about the returns to completing higher education and provides first evidence on perceived signaling and human capital effects. We elicit counterfactual labor market expectations for the hypothetical scenarios of leaving university with or without a...

Persistent link: https://www.econbiz.de/10012293817

The (un)Importance of inheritance

Black, Sandra E.; Devereux, Paul J.; Landaud, Fanny; … - 2022

well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … extreme wealth inequality in society. …

Persistent link: https://www.econbiz.de/10012815788

Correlations of borther's earnings and intergenerational transmission

Bingley, Paul; Cappellari, Lorenzo - 2017

Correlations between parent and child earnings reflect intergenerational mobility and, more broadly, correlations between siblings' earnings reflect shared community and family background. These earnings relationships capture important aspects of relations in socio-economic status more...

Persistent link: https://www.econbiz.de/10011653810

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