Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/311579 
Year of Publication: 
2024
Series/Report no.: 
Working Paper No. 29.2024
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
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.
Subjects: 
Import competition
Distributional consequences
Intergenerational income mobility
JEL: 
F1
F14
F16
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.