Post by rmarks1 on Apr 12, 2014 19:20:20 GMT -5
At least that is the conclusion of this research paper from the non-partisan National Bureau of Economic Research.
"The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community."[1] The NBER is well known for providing start and end dates for recessions in the United States.
The NBER is the largest economics research organization in the United States.[2] Many of the American winners of the Nobel Memorial Prize in Economic Sciences were NBER Research Associates. Many of the Chairmen of the Council of Economic Advisers have also been NBER Research Associates"
en.wikipedia.org/wiki/National_Bureau_of_Economic_Research
Bob
We present new evidence on trends in intergenerational mobility in the U.S. using administrative earnings records. We find that percentile rank-based measures of intergenerational mobility have remained extremely stable for the 1971-1993 birth cohorts. For children born between 1971 and 1986, we measure intergenerational mobility based on the correlation between parent and child income percentile ranks. For more recent cohorts, we measure mobility as the correlation between a child’s probability of attending college and her parents’ income rank. We also calculate transition probabilities, such as a child’s chances of reaching the top quintile of the income distribution starting from the bottom quintile. Based on all of these measures, we find that children entering the labor market today have the same chances of moving up in the income distribution (relative to their parents) as children born in the 1970s. However, because inequality has risen, the consequences of the “birth lottery” – the parents to whom a child is born – are larger today than in the past.
www.nber.org/papers/w19844
www.nber.org/papers/w19844
"The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community."[1] The NBER is well known for providing start and end dates for recessions in the United States.
The NBER is the largest economics research organization in the United States.[2] Many of the American winners of the Nobel Memorial Prize in Economic Sciences were NBER Research Associates. Many of the Chairmen of the Council of Economic Advisers have also been NBER Research Associates"
en.wikipedia.org/wiki/National_Bureau_of_Economic_Research
Bob