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Research ArticleArticles

Has the Intergenerational Transmission of Economic Status Changed?

Susan E. Mayer and Leonard M. Lopoo
Journal of Human Resources, January 2005, XL (1) 169-185; DOI: https://doi.org/10.3368/jhr.XL.1.169
Susan E. Mayer
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Leonard M. Lopoo
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Abstract

Only a few studies have tried to estimate the trend in the elasticity of children’s economic status with respect to parents’ economic status, and these studies produce conflicting results. In an attempt to reconcile these findings, we use the Panel Study of Income Dynamics to estimate the trend in the elasticity of son’s income with respect to parental income. Our evidence suggests a nonlinear trend in which the elasticity increased for sons born between 1949 and 1953, and then declined for sons born after that. Thus depending on the time periods one compares, the trend could be upward, downward, or flat. This and other factors help explain the different estimates for the trend in mobility.

  • Received November 2001.
  • Accepted February 2004.

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Journal of Human Resources
Vol. XL, Issue 1
1 Jan 2005
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Has the Intergenerational Transmission of Economic Status Changed?
Susan E. Mayer, Leonard M. Lopoo
Journal of Human Resources Jan 2005, XL (1) 169-185; DOI: 10.3368/jhr.XL.1.169

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Has the Intergenerational Transmission of Economic Status Changed?
Susan E. Mayer, Leonard M. Lopoo
Journal of Human Resources Jan 2005, XL (1) 169-185; DOI: 10.3368/jhr.XL.1.169
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