Ahsan, Nazmul; Emran, M. Shahe; Jiang, Hanchen; Shilpi, … - 2022 - This version: February 17, 2022
A large literature on intergenerational mobility focuses on the conditional mean of children's economic outcomes to understand the role of family background, but ignores the information contained in conditional variance. Using exceptionally rich data free of coresidency bias, we provide evidence...