Intergenerational Mobility and the Process of Development
解释为何发达经济体代际收入流动性更高且与工资平等正相关，模型表明流动性通过人力资本积累促进增长，而增长又通过教育激励和流动性约束影响流动性，并探讨再分配政策对不同发展阶段经济体的增长效应。
This paper offers an explanation for some evidence that intergenerational earnings mobility is higher in more developed economies and that mobility is positively correlated with wage equality. In the model mobility promotes economic growth via its effect on the accumulation and allocation of human capital. Growth influences mobility via its effect on incentives to acquire education and its effect on liquidity constraints upon such acquisition. In the process of development mobility increases and the distribution of education becomes better correlated with ability. Redistributive policy has a negative effect on growth in developed economies and a positive effect in developing economies.