Chang, Yoosoon; Durlauf, Steven N.; Hu, Bo; Park, Joon Y. - National Bureau of Economic Research - 2025
This paper proposes a fully nonparametric model to investigate the dynamics of intergenerational income mobility for … discrete outcomes. In our model, an individual's income class probabilities depend on parental income in a manner that … Panel Study of Income Dynamics (PSID), we find that race and parental education interact with parental income in children …