Full Citation
Title: Intergenerational Mobility Across Three Generations in the 19th Century: Evidence from the US Census
Citation Type: Miscellaneous
Publication Year: 2014
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Abstract: This paper estimates intergenerational elasticities across three generations in the United States in the late 19th and early 20th centuries. We extend the methodology in Olivetti and Paserman (2013) to explore four different channels of intergenerational mobility: fathers-sons-grandsons, fathers-sons-granddaughters, fathers-daughters-grandsons and fathers-daughters-granddaughters. We document three main findings. First, there is evidence of a strong second-order autoregressive coefficient for the process of intergenerational transmission of income. Second, the socio-economic status of grandsons is influenced more strongly by paternal grandfathers than by maternal grandfathers. Third, maternal grandfathers are more important for granddaughters than for grandsons, while the opposite is true for paternal grandfathers. We propose two alternative theoretical frameworks that can rationalize these findings.
Url: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.642.6043&rep=rep1&type=pdf
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Authors: Olivetti, Claudia; Paserman, M, D
Publisher: Boston University
Data Collections: IPUMS USA
Topics: Family and Marriage, Gender, Poverty and Welfare
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