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A Detailed Picture of Intergenerational Transmission of Human Capital.

Executive Summary Numerous studies have shown that composite or summary measures of intergenerational mobility, such as the intergenerational elasticity, can mask important differences in life chances for children whose parents fall along various points of the status distribution. For example, the same intergenerational elasticity can characterize both a society with high levels of mobility in the middle of the parental distribution and less mobility in the tails, as well as a society with moderate levels of mobility throughout the distribution.