Borrowing Constraints, College Aid, and Intergenerational Mobility

Intergenerational mobility, sibling inequality and borrowing constraints

This paper studies differences in social mobility between rich and poor families. The paper shows that borrowing constraints retard social mobility among the poor by preventing poor parents from investing optimally in the their children’s human capital. This evidence contradicts several recent studies that argue that innate ability is the overriding determinant of socioeconomic performance in t...

Financial Aid, Borrowing Constraints and College Attendance: Evidence from Structural Estimates

Education Systems and Intergenerational Mobility

Ethnic Capital and Intergenerational Mobility*

This paper analyzes the extent to which ethnic skill differentials are transmitted across generations. I assume that ethnicity acts as an externality in the human capital accumulation process. The skills of the next generation depend on parental inputs and on the quality of the ethnic environment in which parents make their investments, or "ethnic capital." The empirical evidence reveals that t...

Intergenerational mobility in Korea

This study investigates intergenerational earnings mobility in Korea for sons born between 1958 and 1973 and compares Korea’s mobility to that of other nations. It uses data from the Korea Labor and Income Panel Study and the Household Income and Expenditure Survey conducted by the Korean National Statistics Bureau. Since no single Korean dataset includes information on both sons’ and their fat...