The correlation of wealth across generations

Journal of Political Economy

Volumn 111, Issue 6, 2003, Pages 1155-1182

  Charles, Kerwin Kofi ^a   Hurst, Erik ^b  

^a UNIVERSITY OF MICHIGAN DEARBORN   (United States)

^b UNIVERSITY OF CHICAGO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

HUMAN CAPITAL; INCOME; INTERGENERATIONAL TRANSFER; SAVINGS BEHAVIOR;

EID: 0942267284     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/378526     Document Type: Article

References (32)

1. Altonji, Joseph G., and Dunn, Thomas A. "Relationships among the Family Incomes and Labor Market Outcomes of Relatives." In Research in Labor Economics, vol. 12, edited by Ronald G. Ehrenberg, Greenwich, Conn.: JAI, 1991.
2. Altonji, Joseph G., and Dunn, Thomas A. "An Intergenerational Model of Wages, Hours, and Earnings." J. Human Resources 35 (Spring 2000): 221-58.
3. Altonji, Joseph G.; Hayashi, Fumio; and Kotlikoff, Laurence J. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data." A.E.R. 82 (December 1992): 1177-98.
4. Barsky, Robert B.; Juster, Thomas; Kimball, Miles S.; and Shapiro, Matthew D. "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study." Q.J.E. 112 (May 1997): 537-79.
5. Becker, Gary S., and Tomes, Nigel. "An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility." J.P.E. 87 (December 1979): 1153-89.
6. Becker, Gary S., and Tomes, Nigel. "Human Capital and the Rise and Fall of Families." J. Labor Econ. 4, no. 3, pt. 2 (July 1986): S1-S39.
7. Browning, Martin, and Lusardi, Annamaria. "Household Saving: Micro Theories and Micro Facts." J. Econ. Literature 34 (December 1996): 1797-1855.
8. Carroll, Christopher D. "How Does Future Income Affect Current Consumption?" Q.J.E. 109 (February 1994): 111-47.
9. Chiteji, Ngina, and Stafford, Frank P. "Asset Ownership across Generations." Manuscript. Ann Arbor: Univ. Michigan, Dept. Econ., 2000.
10. Cox, Donald; Ng, Serena; and Waldkirch, Andreas. "Intergenerational Linkages in Consumption Behavior." J. Human Resources (2003), in press.
11. Deaton, Angus. "Saving and Liquidity Constraints." Econometrica 59 (March 1991): 1221-48.
12. Friedman, Milton. A Theory of the Consumption Function. Princeton, N.J.: Princeton Univ. Press (for NBER), 1957.
13. Han, Song, and Mulligan, Casey B. "Human Capital, Heterogeneity, and Estimated Degrees of Intergenerational Mobility." Working Paper no. 7678. Cambridge, Mass.: NBER, April 2000.
14. Hurst, Erik; Luoh, Ming Ching; and Stafford, Frank P. "The Wealth Dynamics of American Families: 1984-94." Brookings Papers Econ. Activity, no. 1 (1998), pp. 267-329.
15. Hurst, Erik, and Lusardi, Annamaria. "Entrepreneurship, Liquidity Constraints and Household Wealth." Manuscript. Chicago: Univ. Chicago, Grad. School Bus., 2002.
16. Juster, F. Thomas; Smith, James P.; and Stafford, Frank P. "The Measurement and Structure of Household Wealth." Labour Econ. 6 (June 1999): 253-75.
17. Kearl, James R., and Pope, Clayne L. "Unobservable Family and Individual Contributions to the Distributions of Income and Wealth." J. Labor Econ. 4, no. 3, pt. 2 (July 1986): S48-S79.
18. Krugman, Paul. "For Richer." New York Times Mag. (October 20, 2002), sec. 6, p. 62.
19. Lawrance, Emily C. "Poverty and the Rate of Time Preference: Evidence from Panel Data." J.P.E. 99 (February 1991): 54-77.
20. Loury, Glenn C. "Intergenerational Transfers and the Distribution of Earnings." Econometrica 49 (July 1981): 843-67.
21. Menchik, Paul L. "Inter-generational Transmission of Inequality: An Empirical Study of Wealth Mobility." Economica 46 (November 1979): 349-62.
22. Modigliani, Franco, and Brumberg, Richard. "Utility Analysis and the Consumption Function: An Interpretation of Cross Section Data." In Post-Keynesian Economics, edited by Kenneth Kurihara. New Brunswick, N.J.: Rutgers Univ. Press, 1954.
23. Mulligan, Casey B. "Work Ethic and Family Background: Some Evidence." Manuscript. Chicago: Univ. Chicago, Dept. Econ., 1996.
24. Mulligan, Casey B. Parental Priorities and Economic Inequality. Chicago: Univ. Chicago Press, 1997.
25. Samwick, Andrew A. "Discount Rate Heterogeneity and Social Security Reform." J. Development Econ. 57 (October 1998): 117-46.
26. Shea, John. "Does Parents' Money Matter?" J. Public Econ. 77 (August 2000): 155-84.
27. Solon, Gary. "Intergenerational Income Mobility in the United States." A.E.R. 82 (June 1992): 393-408.
28. Solon, Gary. "Intergenerational Mobility in the Labor Market." In Handbook of Labor Economics, vol. 3, edited by Orley Ashenfelter and David Card. Amsterdam: North-Holland, 1999.
29. Venti, Steven F., and Wise, David A. "Choice, Chance, and Wealth Dispersion at Retirement." Working Paper no. 7521. Cambridge, Mass.: NBER, February 2000.
30. Wahl, Jennifer. "Fertility in America: Historical Patterns and Wealth Effects on the Quantity and Quality of Children." Ph.D. dissertation, Univ. Chicago, 1985.
31. Warner, John T., and Pleeter, Saul. "The Personal Discount Rate: Evidence from Military Downsizing Programs." A.E.R. 91 (March 2001): 33-53.
32. Zimmerman, David. "Regression toward Mediocrity in Economic Stature." A.E.R. 82 (June 1992): 409-29.