We examine how intergenerational income mobility responds to structural changes in a simple theoretical model of …

income. Linking individuals to their parents, we also investigate the intergenerational transmission of income dynamics. We … find that children of high-income, highwealth fathers enjoy steeper income growth over the life cycle and face more … volatile but more positively skewed income changes, suggesting that they are more likely to pursue high-return, high …

of father’s income on child income. We find a strong association between the incomes of fathers and children. The causal … individual incomes. When examining joint income with their partners, the results are more aligned, indicating that assortative … mating plays a key role in intergenerational income transmission, particularly for daughters. …