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Chicago Fed Letter, No. 181, September 2002
Analyzing Income Mobility over Generations

Recent research on the transmission of economic status from one generation to the
next suggests that the persistence in inequality is about 50% higher than previously
thought. While the underlying factors that cause substantial immobility in the U.S.
remain poorly understood, borrowing constraints among families with low net worth may play a role in perpetuating inequality.



Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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