Intergenerational mobility: measurement and the role of borrowing constraints and inherited tastes

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Abstract

© 2016, The Author(s). 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.
Original languageEnglish
Pages (from-to)393-420
JournalSERIEs
Volume7
DOIs
Publication statusPublished - 1 Nov 2016

Keywords

  • Borrowing constraints
  • Inherited tastes
  • Intergenerational mobility

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