Robust Determinants of Intergenerational Mobility in the Land of Opportunity

Andros Kourtellos (), Christa Marr and Chih Ming Tan

University of Cyprus Working Papers in Economics from University of Cyprus Department of Economics

Abstract: This paper revisits the influential work by Chetty, Hendren, Kline, and Saez (2014) who attempt to explain the variation in intergenerational mobility across commuter zones in the US (i.e., spatial mobility) using nine classes of variables. We employ Bayesian model averaging methods that allow for model uncertainty to identify robust predictors of spatial mobility. In doing so we pay special attention to the specification of model and parameter priors. We also investigate the heterogeneous effects of these predictors on spatial mobility across commuter zones in different average income quintiles. Our findings suggest a more nuance and complex characterization of the spatial mobility process than that proposed by Chetty, Hendren, Kline, and Saez.

Keywords: intergenerational mobility; income persistence; BMA; model uncertainty (search for similar items in EconPapers)
Pages: 58 pages
Date: 2014-10
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https://papers.econ.ucy.ac.cy/RePEc/papers/07-14.pdf (application/pdf)

Related works:
Journal Article: Robust determinants of intergenerational mobility in the land of opportunity (2016)
Working Paper: Robust Determinants of Intergenerational Mobility in the Land of Opportunity (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ucy:cypeua:07-2014

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