This paper investigates the intergenerational mobility with regard to people's decision to work in the U.S. financial industry over the last 47 years. I present evidence that children of fathers who worked in the financial industry during their childhood are about 8 percentage points more likely...

This study compared intergenerational earnings mobility in Singapore and the United States by replicating the limitations in the Singapore National Youth Survey on the U.S. Panel Study of Income Dynamics. The mean estimated earnings elasticities are almost identical: 0.26 in Singapore and 0.27...

One of the key issues in the immigration debate is the extent to which second generation immigrants (native born, but to immigrant parents) are able to assimilate in terms of education and income. Many of these studies have focused on the difficulties and educational achievement gap faced by 2nd...

This paper examines the long-term effect of a historical public crime, namely lynching, against Black offenders in the U.S. during the 19th and 20th centuries on thecurrent local rates of intergenerational mobility of Black people. I find that higherhistorical lynching activity exerts a negative...