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Title: Fortunate Sons: Estimates of Intergenerational Mobility in the United States Using Social Security Earnings Data
Resulting in 1 citation.
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Mazumder, Bhashkar |
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Fortunate Sons: Estimates of Intergenerational Mobility in the United States Using Social Security Earnings Data Review of Economics and Statistics 87,2 (May 2005): 235-255. Also: http://www.jstor.org/stable/40042900 Cohort(s): NLSY79 Publisher: MIT Press Keyword(s): Earnings; Family Income; Human Capital; Intergenerational Patterns/Transmission; Panel Study of Income Dynamics (PSID); Survey of Income and Program Participation (SIPP) Previous studies, relying on short-term averages of fathers' earnings, have estimated the intergenerational elasticity (IGE) in earnings to be approximately 0.4. Due to persistent transitory fluctuations, these estimates have been biased down by approximately 30% or more. Using administrative data containing the earnings histories of parents and children, the IGE is estimated to be around 0.6. This suggests that the United States is substantially less mobile than previous research indicated. Estimates of intergenerational mobility are significantly lower for families with little or no wealth, offering empirical support for theoretical models that predict differences due to borrowing constraints. |
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Bibliography Citation
Mazumder, Bhashkar. "Fortunate Sons: Estimates of Intergenerational Mobility in the United States Using Social Security Earnings Data." Review of Economics and Statistics 87,2 (May 2005): 235-255.
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