and fields of study - to intergenerational income mobility. We document substantial segregation into occupations by … parental income. Yet, the occupations children pursue explain only a third of the intergenerational persistence of income. We … based on parental income is mostly independent of parental occupations. Our results demonstrate that occupational …

It has been shown that a person's relative income - compared to a reference group - has a negative impact on self … relative income is low. In this paper we study this hypothesis by estimating the effect of relative income on job mobility … characteristics. Our findings suggest that workers compare their own income to that of their neighbors, and low relative income is …