Lefgren, Lars; Lindquist, Matthew J.; Sims, David - In: Journal of Political Economy 120 (2012) 2, pp. 268-268
We construct a simple model, consistent with Becker and Tomes, that decomposes the intergenerational income elasticity into the causal effect of financial resources, the mechanistic transmission of human capital, and the role that human capital plays in the determination of fathers’ permanent...