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This paper provides a synthesis of theoretical and empirical work on the Great Gatsby Curve, the positive empirical relationship between cross-section income inequality and persistence of income across generations. We present statistical models of income dynamics that mechanically give rise to...
Persistent link: https://www.econbiz.de/10012938730
Persistent link: https://www.econbiz.de/10011704191
Persistent link: https://www.econbiz.de/10014427914
This paper provides a synthesis of theoretical and empirical work on the Great Gatsby Curve, the positive empirical relationship between cross-section income inequality and persistence of income across generations. We present statistical models of income dynamics that mechanically give rise to...
Persistent link: https://www.econbiz.de/10013299543
Persistent link: https://www.econbiz.de/10012264915
Persistent link: https://www.econbiz.de/10011742045
Using NLSY data we investigate whether the observed patterns of economic mobility (as measured by income and educational attainment) exhibit heterogeneity across socioeco- nomic groups and whether the nature of the heterogeneity can be explained by different levels of persistence in the...
Persistent link: https://www.econbiz.de/10012856523
This paper provides a synthesis of theoretical and empirical work on the Great Gatsby Curve, the positive empirical relationship between cross-sectional income inequality, and persistence of income across generations. We present statistical models of income dynamics that mechanically give rise...
Persistent link: https://www.econbiz.de/10014077875
Persistent link: https://www.econbiz.de/10013207084
Persistent link: https://www.econbiz.de/10012617824