Impact of an Early-Career Shock on Intergenerational Mobility

• 成果类型: Article; Early Access
• 署名作者: Kaila, Martti; Nix, Emily; Riukula, Krista
• 署名单位: University of Glasgow; University of Southern California
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/730322
• 发表日期: 2025
• 关键词: earnings losses; income mobility; UNITED-STATES; job loss; opportunity; EMPLOYMENT; sweden

摘要

Children's and parents' incomes are highly correlated, yet little is known about how early-career shocks contribute to this correlation. This paper focuses on a consequential labor market shock: job loss. We document three new results. First, adult children born into the bottom 20% of the income distribution have double the unemployment following job loss compared with those from the top 20% and 154% higher earnings losses. Second, this increases the rank-rank correlation 30% for those impacted. Third, richer parents provide career opportunities to their adult children after job loss, consistent with advantages from wealthy parents persisting well into adulthood.