Survey of Income and Program Participation, to measure the intergenerational elasticity in earnings in the United States … family income has an even larger effect than fathers' earnings on children's future labor market success. The elasticity of …

per capita income. Using cross-country data on the prices of investment goods, we find that the model does fairly well in … quantitatively accounting for the observed dispersion in world income. For our baseline parameterization, the model generates thirty …-five-fold income gaps and six-fold productivity differences between the richest and poorest countries in our sample. …

Inflation-indexed bonds are fixed-income securities whose nominal cash flows are adjusted to an inflation index. In …