000348542 001__ 348542
000348542 005__ 20241217054257.0
000348542 0247_ $$2doi$$a10.22004/ag.econ.348542
000348542 037__ $$a2395-2024-1516
000348542 041__ $$aeng
000348542 084__ $$aF1
000348542 084__ $$aF14
000348542 084__ $$aF16
000348542 245__ $$aTrade and Intergenerational Income Mobility: Theory and Evidence from the U.S.
000348542 260__ $$c2024-12-10
000348542 269__ $$a2024-12-10
000348542 300__ $$a60
000348542 336__ $$aWorking or Discussion Paper
000348542 490__ $$a29.2024
000348542 520__ $$aThis 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.
000348542 546__ $$aEnglish
000348542 650__ $$aIndustrial Organization
000348542 650__ $$aPolitical Economy
000348542 6531_ $$aimport competition
000348542 6531_ $$adistributional consequences
000348542 6531_ $$aintergenerational income mobility
000348542 700__ $$aColantone, Italo
000348542 700__ $$aOttaviano, Gianmarco
000348542 700__ $$aTakeda, Kohei
000348542 8560_ $$falessandra.favazzo@feem.it
000348542 8564_ $$uhttps://ageconsearch.umn.edu/record/348542/files/NDL2024-29-1.pdf$$99a51e03c-7ec5-482f-aab3-0a182e53b8e6$$s5473195
000348542 909CO $$ooai:ageconsearch.umn.edu:348542$$pGLOBAL_SET
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000348542 980__ $$a2395