Excerpt
Excerpt
Where is the Land of Opportunity: The Geography of Intergenerational Mobility in the United States. Raj Chetty, Nathaniel Hendren, June 2014, Paper. "We use administrative records on the incomes of more than 40 million children and their parents to describe three features of intergenerational mobility in the United States. First, we characterize the joint distribution of parent and child income at the national level. The conditional expectation of child income given parent income is linear in percentile ranks..." Link Verified October 12, 2014