Previous studies of recent U.S. trends in intergenerational income mobility have produced widely varying results … Income Dynamics, we generate more reliable estimates of the recent time-series variation in intergenerational mobility. Our …

This paper presents a framework for the quantitative analysis of individual income dynamics, mobility and welfare, with … ex-ante identical individuals facing a stochastic income process and market incompleteness implying that they are unable … to insure against persistent shocks to income. We show how the parameters of the income process can be estimated using …

with ten to forty years of observations from the Panel Survey of Income Dynamics. We find that neither is strongly …

under the assumption that parental income is the main source of heterogeneity. We explicitly model the variability and …

The intergenerational elasticity of income is generally considered one of the best summary measures of the degree to … equilibrium level of mobility. Contrary to what it is generally assumed, a low correlation between father income and son income is … clarifies the structural parameters behind the widely studied intergenerational elasticity of income in terms of political …

Different beliefs about how fair social competition is and what determines income inequality, influence the … redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax … policies. If a society believes that individual effort determines income, and that all have a right to enjoy the fruits of …

impacts of credit constraints on social mobility and the income distribution.A common limitation across all areas of the human …

and compare our approach to Markov chain models of income mobility …