Nonlinearities in the Becker-Tomes-Solon model

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The aim of this paper is to explore nonlinearities in the relationshipbetween parents and children earnings. We rst discuss a simple extension ofthe Becker-Tomes-Solon model accounting for nonlinearity. We then test the linearityof intergenerational transmission employing a set of 141 intergenerationalmobility tables in 35 di erent countries at di erent time periods, and nd thatlinearity is rejected in 89 tables. We nally explore the correlation between the\strength of concavity" and income inequality. Our ndings suggest that moreunequal societies tend to have a more concave intergenerational transmissionprocess.
Lingua originaleEnglish
Numero di pagine0
Stato di pubblicazionePublished - 2011


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