under the assumption that parental income is the main source of heterogeneity. We explicitly model the variability and … constrained families. Conversely, the presence of heterogeneity means that economic and linear statistical models of inheritance … Goldberger's (1989) criticism of human capital models of inheritance. Finally, we suggest that any cross-country differences in …

underlying mechanisms of the intergenerational income mobility. By applying descriptive and structural decomposition methods, we … intergenerational income mobility in Germany, endowments account for solely 30 percent in the United States. Nonlinearities in the … transmission channels along the income distribution in the United States indicate that the endowment effect slightly decreases in …