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Black-white differences in intergenerational economic mobility in the US
Traditional measures of intergenerational mobility such as the intergenerational elasticity are not useful for inferences concerning group differences in mobility with respect to the pooled income distribution. This paper uses transition probabilities and measures of ?directional rank mobility? that can identify interracial differences in intergenerational mobility. The study uses two data sources, including one that contains social security earnings for a large intergenerational sample. I find that recent cohorts of blacks are not only significantly less upwardly mobile but also ...