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Marriage has declined since 1960, with the drop being bigger for non-college educated individuals versus college educated ones. Divorce has increased, more so for the non-college educated. Additionally, positive assortative mating has risen. Income inequality among households has also widened. A...
Persistent link: https://www.econbiz.de/10011171723
Marriage has declined since 1960, with the drop being bigger for non-college educated individuals versus college educated ones. Divorce has increased, more so for the non-college educated vis-à-vis the college educated. Additionally, assortative mating has risen; i.e., people are more likely to...
Persistent link: https://www.econbiz.de/10011070868
A strong association between incomes across generations - with children from poor families likely to be poor as adults - is frequently considered an indicator of insufficient equality of opportunity. Studies of such "intergenerational persistence," or lack of intergenerational mobility, are...
Persistent link: https://www.econbiz.de/10011433176
Persistent link: https://www.econbiz.de/10014265753
fertility and transfers dampen intergenerational mobility. To evaluate the quantitative importance of this mechanism, we extend … fertility, family transfers, and education. The model, estimated to the US in the 2000s, implies that a counterfactual flat … income-fertility profile would-through the equalization of initial conditions-increase intergenerational mobility by 6%. The …
Persistent link: https://www.econbiz.de/10011911515
, whose fertility choices are less constrained by the OCP than rich ones, have more children but invest less in human capital …
Persistent link: https://www.econbiz.de/10012270899
We study the implications of differential fertility on cross-sectional inequality in a canonical model of the … intergenerational transmission of capital. Our main theoretical result shows that, with differential fertility, there exist stable … fertility. We establish convergence results and derive a mathematical expression for these novel atomless steady states in terms …
Persistent link: https://www.econbiz.de/10013211714
For more than 30 years, the ratio of average black earnings to average white earnings has remained close to 0.6. Additionally, US cities have remained dramatically segregated by race. This paper provides a joint theory of pre-market skills and residential segregation for quantitatively studying...
Persistent link: https://www.econbiz.de/10013136520
The main goal of this paper is to document and analyze the long-term evolution of inequality of opportunity (IOp) in the four largest European economies (France, Germany, Great Britain and Italy). Relative IOp represents an important portion of total income inequality, with values ranging from...
Persistent link: https://www.econbiz.de/10012838503
The main goal of this paper is to document and analyze the long-term evolution of inequality of opportunity (IOp) in the four largest European economies (France, Germany, Great Britain and Italy). Relative IOp represents an important portion of total income inequality, with values ranging from...
Persistent link: https://www.econbiz.de/10012839121