Economic mobility and education
Elasticities between parental income and sons' earnings, 1950–2000
| Year | Intergenerational elasticities |
|---|---|
| 1950 | 0.40 |
| 1960 | 0.35 |
| 1970 | 0.34 |
| 1980 | 0.32 |
| 1990 | 0.46 |
| 2000 | 0.58 |
Note: The higher the intergenerational elasticity (IGE), the lower the extent of mobility. The IGEs shown are for 40- to 44-year-old sons.
Source: Authors' analysis of Aaronson and Mazumder (2007, Table 1)
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