NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Economic Interpretations of Intergenerational Correlations

Nathan D. Grawe, Casey B. Mulligan

NBER Working Paper No. 8948
Issued in May 2002
NBER Program(s):   EFG   PE

Economic theory offers interpretations of intergenerational correlations that are different from the theories of other disciplines, and have important policy implications. Our paper presents a subset of those theories, and shows how they are consistent with observed mobility patterns as they vary across countries, demographic groups, and economic status measure. The data may suggest that the economic approach overemphasizes credit constraints, although more work is needed to further develop some of the alternative economic models. We also show how, in the models, 'progressive' policy may reduce mobility depending on how the policy is administered and how mobility is measured.

download in pdf format
   (186 K)

email paper

This paper is available as PDF (186 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w8948

Published: Grawe, Nathan D. and Casey B. Mulligan. "Economic Interpretations Of Intergenerational Correlations," Journal of Economic Perspectives, 2002, v16(3,Summer), 45-58.

Users who downloaded this paper also downloaded these:
Han and Mulligan w7678 Human Capital, Heterogeneity, and Estimated Degrees of Intergenerational Mobility
Lee and Solon w12007 Trends in Intergenerational Income Mobility
Black, Devereux, and Salvanes w10066 Why the Apple Doesn't Fall Far: Understanding Intergenerational Transmission of Human Capital
Black and Devereux w15889 Recent Developments in Intergenerational Mobility
Oreopoulos, Page, and Stevens w10164 Does Human Capital Transfer from Parent to Child? The Intergenerational Effects of Compulsory Schooling
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us