Intergenerational mobility: measurement and the role of borrowing constraints and inherited tastes
Abstract In this paper, I present some popular measures of mobility in economic outcomes within a family across generations. I also discuss two of the most important factors preventing intergenerational mobility: existence of financially constrained individuals and transmission of tastes from parent...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2016-09-01
|
| Series: | SERIEs: Journal of the Spanish Economic Association |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1007/s13209-016-0149-2 |
| Summary: | Abstract In this paper, I present some popular measures of mobility in economic outcomes within a family across generations. I also discuss two of the most important factors preventing intergenerational mobility: existence of financially constrained individuals and transmission of tastes from parents to children. Finally, I show how these two factors could give raise to dramatic reversals of fortune affecting successive generations of the same dynasty. I will cast the results of the different models I use in terms of the previous measures of intergenerational mobility. |
|---|---|
| ISSN: | 1869-4187 1869-4195 |