An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility

@article{Becker1979AnET,
  title={An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility},
  author={Gary Stanley Becker and Nigel Tomes},
  journal={Journal of Political Economy},
  year={1979},
  volume={87},
  pages={1153 - 1189}
}
The theory of inequality and intergenerational mobility presented in this essay assumes that each family maximizes a utility function spanning several generations. Utility depends on the consumption of parents and on the quantity and quality of their children. The income of children is raised when they receive more human and nonhuman capital from their parents. Their income is also raised by their "endowment" of genetically determined race, ability, and other characteristics, family reputation… Expand
The Roles of the Family in the Formation of Offsprings’ Earnings and Income Capacity
In this paper I will examine both the theoretical and empirical roles the family plays in the formation of its offsprings’ earnings and income capacity. The family generally influences a child’sExpand
Intra-family distribution in developing countries.
  • J. Behrman
  • Economics, Medicine
  • Pakistan development review
  • 1994
TLDR
Intra-household allocations are important in the determination of time use, human resource investments, and intra- and inter-generation of transfers in developing countries and collective models of household behavior, which focus on decisions between husbands and wives, include Nash bargaining models of intra- household allocations. Expand
On the economics of intergenerational control.
Intergenerational exchanges may have powerful effects on the long run growth of the economy in terms of both physical and human wealth accumulation per capita and of population growth. ThisExpand
The dynamics of income inequality in a growth model with human capital and occupational choice
We model a successive-generation economy in which parents, motivated by family altruism, decide to finance or not their offspring's human capital accumulation on the basis of their altruistic motive,Expand
Intergenerational Mobility and Intrahousehold Balance of Power: A Theoretical Analysis
The study of intergenerational mobility deals with questions regarding the opportunities of children and how their long run economic outcome is related to their family background. Most importantly,Expand
Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States
We use administrative records on the incomes of more than 40 million children and their parents to describe three features of intergenerational mobility in the United States. First, we characterizeExpand
Economic development and intergenerational economic mobility
This paper examines theoretically how economic growth affects intergenera­tional economic mobility. In the model developed in this paper, education is provided to the individuals free of cost, andExpand
Intergenerational income mobility - top incomes and assortative mating in Denmark
This article investigates intergenerational income mobility among top-income people in Denmark focusing on the impact of assortative mating. Earnings and capital income are the variables of interestExpand
Family linkages, social interactions, and investment in human capital: A theoretical analysis
This paper introduces parent–child interactions into the Beckerian model of human capital. The acquisition of human capital, jointly determined by parental investment and child effort, is anExpand
Intergenerational exchange mobility and economic welfare
The concepts of exchange and structural mobility are introduced and their relationship with the notion of Equality of Opportunity discussed. It is then shown that exchange mobility can have an impactExpand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 37 REFERENCES
Investment in Human Capital and Personal Income Distribution
  • J. Mincer
  • Economics
  • Journal of Political Economy
  • 1958
ECONOMISTS have long theorized about the nature or causes of inequality in personal incomes. In contrast, the vigorous development of empirical research in the field of personal income distributionExpand
A Theory of Social Interactions
This essay uses simple tools of economic theory to analyze interactions between the behavior of some persons and different characteristics of other persons. Although these interactions are emphasizedExpand
A Model of Income Distribution
JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology andExpand
The Size Distribution of Labour Incomes Derived from the Distribution of Aptitudes
This article owes its inspiration to one of Tinbergen’s most original contributions to economic theory [9], in which he endeavours to derive the distribution of labour incomes from the choice ofExpand
Paretian Distributions and Income Maximization
I. The empirical distribution of income. Scope of the weak law of Pareto, 58. — II. Scope of the present paper, 59. — III. Linear factor analysis of the rental price of an undissoluble bundle ofExpand
Child Endowments and the Quantity and Quality of Children
This paper brings together and integrates social interactions and the special relation between quantity and quality. We are able to show that the observed quality income elasticity would beExpand
Human Capital and Labor Supply: A Synthesis
The joint determination of work and investment in human capital over the life cycle is analyzed. At low rates of impatience investment is decreasing throughout life, as in simpler models which assumeExpand
Models for cultural inheritance. I. Group mean and within group variation.
TLDR
It has been demonstrated that, if g is different from zero and positive, however small, in spite of new variation arising at every generation the variation of the trait within the group will stabilize at a finite level. Expand
Black Economic Progress after 1964: Who Has Gained and Why?
This study used three types of evidence to analyze the nature and cause of black economic progress in post-World War II years: aggregate evidence on the timing and incidence among skill groups ofExpand
The American Occupational Structure
This book is the classic source of empirical information on the patterns of occupational achievement in American society. Based on an unusually comprehensive set of data, it is renowned for itsExpand
...
1
2
3
4
...