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

Jordi Caballe ()

SERIEs: Journal of the Spanish Economic Association, 2016, vol. 7, issue 4, No 1, 393-420

Abstract: 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.

Keywords: Intergenerational mobility; Inherited tastes; Borrowing constraints (search for similar items in EconPapers)
JEL-codes: E21 I26 J62 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s13209-016-0149-2

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