Lower intergenerational income mobility for blacks is a likely cause behind the persistent interracial gap in economic … status in the United States. However, few studies have analyzed black-white differences in intergenerational income mobility … traditional transition probability of movement across income quantiles. We then introduce a new measure of upward mobility which …

response functions of earnings shocks and find important asymmetries: Positive shocks to high-income individuals are quite … transitory, whereas negative shocks are very persistent; the opposite is true for low-income individuals. Finally, we use these …

"Solon's (1992) landmark study estimated the intergenerational elasticity (IGE) in income between fathers and sons to …