In the Name of the Son (and the Daughter): Intergenerational Mobility in the United States, 1850-1930 / Claudia Olivetti, M. Daniele Paserman.

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Olivetti, Claudia

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TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w18822.Publication details: Cambridge, Mass. National Bureau of Economic Research 2013.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: This paper provides a new perspective on intergenerational mobility in the United States in the late 19th and early 20th centuries. We devise an empirical strategy that allows to calculate intergenerational elasticities between fathers and children of both sexes. The key insight of our approach is that the information about socio-economic status conveyed by first names can be used to create a pseudo-link not only between fathers and sons, but also between fathers and daughters. The latter is typically not possible with historical data.Abstract: We find that the father-son elasticity in economic status grows throughout the sample period. Intergenerational elasticities for daughters follow a broadly similar trend, but with some differences in timing. We argue that most of the increase in the intergenerational elasticity estimate in the early part of the 20th Century can be accounted for by the vast regional disparities in economic development, with increasing returns to human capital contributing to explain the residual. Other mechanisms such as changes in fertility, migration, and investment in public schooling, appear to have had only a minor role in explaining the trends.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w18822 (Browse shelf(Opens below))	Not For Loan

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February 2013.

This paper provides a new perspective on intergenerational mobility in the United States in the late 19th and early 20th centuries. We devise an empirical strategy that allows to calculate intergenerational elasticities between fathers and children of both sexes. The key insight of our approach is that the information about socio-economic status conveyed by first names can be used to create a pseudo-link not only between fathers and sons, but also between fathers and daughters. The latter is typically not possible with historical data.

We find that the father-son elasticity in economic status grows throughout the sample period. Intergenerational elasticities for daughters follow a broadly similar trend, but with some differences in timing. We argue that most of the increase in the intergenerational elasticity estimate in the early part of the 20th Century can be accounted for by the vast regional disparities in economic development, with increasing returns to human capital contributing to explain the residual. Other mechanisms such as changes in fertility, migration, and investment in public schooling, appear to have had only a minor role in explaining the trends.