Eshaghnia, Sadegh; Heckman, James J.; Landersø, Rasmus; … - National Bureau of Economic Research - 2022
upward mobility is understated. Recent generations have higher welfare and are better off compared to their parents … welfare and lifetime resources at different stages of the life cycle. We compare these measures with traditional ones such as … performance of proxy measures is poor. Parents' expected lifetime resources are stronger predictors of many important child …