@article{Colantone:348542,
      recid = {348542},
      author = {Colantone, Italo and Ottaviano, Gianmarco and Takeda,  Kohei},
      title = {Trade and Intergenerational Income Mobility: Theory and  Evidence from the U.S.},
      address = {2024-12-10},
      number = {2395-2024-1516},
      series = {29.2024},
      pages = {60},
      month = {Dec},
      year = {2024},
      abstract = {This paper studies the impact of globalization on  intergenerational income mobility. Exploiting U.S. data, we  find that stronger trade exposure at the commuting zone  level lowers the intergenerational income mobility of  residents. In particular, higher exposure to Chinese import  competition lowers the income mobility of the cohort of  U.S. workers born in 1980-1982. We present a general  equilibrium theory in which path dependence in sector  choice of individuals over generations and mobility  frictions determine the dynamics of industrial compositions  across locations in a country. The theory predicts that  rising import competition reduces intergenerational income  mobility, consistent with the empirical findings.},
      url = {http://ageconsearch.umn.edu/record/348542},
      doi = {https://doi.org/10.22004/ag.econ.348542},
}