Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Wednesday, September 20, 2006

Hoisted from Comments: Intergenerational Transmission of Inequality

David Levine writes:

Brad DeLong's Semi-Daily Journal: The Baltimore Public School System: The best recent estimates are by Bhash Mazumder (a recent graduate of UC Berkeley economics dept.). He finds an intergenerational correlation of earnings of 0.6, at which pace about 36% of inequality would last two generations...

0.6: a big number or a small one?

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