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We use PSID data to 2008 to consider changes in the intergenerational elasticity (IGE) of income in fifteen successive ten-year cohort-groups of sons aged 36-45 between 1997 and 2011. Regressing sons’ estimated lifetime income on fathers’ income within each group, we obtain fifteen IGE...
Persistent link: https://www.econbiz.de/10010858788
We identify a declining trend in the intergenerational mobility of men’s family income in the United States for sons aged 36-45 between 1997 and 2011, corresponding to fifteen successive rolling ten-year cohort-groups born between 1952 and 1975. Using PSID data to 2008, we first predict...
Persistent link: https://www.econbiz.de/10011272223
Persistent link: https://www.econbiz.de/10010227735
We use PSID data to 2008 to consider changes in the intergenerational elasticity (IGE) of income in fifteen successive ten-year cohort-groups of sons aged 36-45 between 1997 and 2011. Regressing sons' estimated lifetime income on fathers' income within each group, we obtain fifteen IGE...
Persistent link: https://www.econbiz.de/10013071519