In this paper, I present some popular measures of mobility in economic outcomes within a family across generations. I also discuss two of the most important factors preventing intergenerational mobility: existence of financially constrained individuals and transmission of tastes from parents to...

In this paper, we build a model that, according to the empirical evidence, gives raise to oscillations in wealth within a dynasty while keeping inter-generational persistence in education attainment. The mechanism that we propose is based on the interaction between effort and wealth suggested by...