@article{Menchik1979,
  title = {Inter-Generational Transmission of Inequality: An Empirical Study of Wealth Mobility},
  author = {Menchik, Paul L.},
  year = {1979},
  journal = {Economica},
  volume = {46},
  number = {184},
  pages = {349--362},
  doi = {10.2307/2553676},
  url = {http://doi.org/10.2307/2553676},
  abstract = {Although much research has been done on the intra-generational distribution of income and wealth, much less work has been done on inter-generational effects; research in both areas is needed for a complete understanding of the subject. In addition to the study of factors that determine the size distribution of income and wealth, economists should also be interested in the degree of inter-generational mobility that is exhibited in an economy: the extent to which there is "equal opportunity" for children whose parents' economic position is dissimilar. This issue of mobility is clearly distinct from the issue of equality. For any degree of inequality we can have a relatively static society in which children always assume their parents' position, or a highly mobile society in which the position of the child is unrelated to that of his parents. The degree of inter-generational mobility is determined by market, institutional and genetic factors, among others. The systems that provide education and care for children, distribute public expenditures and transmit material inheritance all influence mobility across generations. This paper presents empirical estimates of the relationship between the material wealth held by parents and that held by their children in the United States. The line of research pursued here was in part inspired by the work of Harbury (1962). The data comes from probate records and therefore records wealth-holding at a specific point in the life-cycle i.e. at d},
  keywords = {Intergenerational Wealth}
}

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In addition to the study of factors that determine the size distribution of income and wealth, economists should also be interested in the degree of inter-generational mobility that is exhibited in an economy: the extent to which there is \"equal opportunity\" for children whose parents' economic position is dissimilar. This issue of mobility is clearly distinct from the issue of equality. For any degree of inequality we can have a relatively static society in which children always assume their parents' position, or a highly mobile society in which the position of the child is unrelated to that of his parents. The degree of inter-generational mobility is determined by market, institutional and genetic factors, among others. The systems that provide education and care for children, distribute public expenditures and transmit material inheritance all influence mobility across generations. This paper presents empirical estimates of the relationship between the material wealth held by parents and that held by their children in the United States. The line of research pursued here was in part inspired by the work of Harbury (1962). The data comes from probate records and therefore records wealth-holding at a specific point in the life-cycle i.e. at d","keywords":"Intergenerational Wealth","bibtex":"@article{Menchik1979,\n title = {Inter-Generational Transmission of Inequality: An Empirical Study of Wealth Mobility},\n author = {Menchik, Paul L.},\n year = {1979},\n journal = {Economica},\n volume = {46},\n number = {184},\n pages = {349--362},\n doi = {10.2307/2553676},\n url = {http://doi.org/10.2307/2553676},\n abstract = {Although much research has been done on the intra-generational distribution of income and wealth, much less work has been done on inter-generational effects; research in both areas is needed for a complete understanding of the subject. In addition to the study of factors that determine the size distribution of income and wealth, economists should also be interested in the degree of inter-generational mobility that is exhibited in an economy: the extent to which there is \"equal opportunity\" for children whose parents' economic position is dissimilar. This issue of mobility is clearly distinct from the issue of equality. For any degree of inequality we can have a relatively static society in which children always assume their parents' position, or a highly mobile society in which the position of the child is unrelated to that of his parents. The degree of inter-generational mobility is determined by market, institutional and genetic factors, among others. The systems that provide education and care for children, distribute public expenditures and transmit material inheritance all influence mobility across generations. This paper presents empirical estimates of the relationship between the material wealth held by parents and that held by their children in the United States. The line of research pursued here was in part inspired by the work of Harbury (1962). The data comes from probate records and therefore records wealth-holding at a specific point in the life-cycle i.e. at d},\n keywords = {Intergenerational Wealth}\n}\n\n","author_short":["Menchik, P. 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