Loss aversion and the intergenerational correlation of income

Recent estimates of the intergenerational correlation of income in the United States are centered around 0.6. Existing empirical work is only able to explain about half of this correlation. The first chapter of this dissertation provides a behavioral explanation that accounts for almost half of the...

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Bibliographic Details

Main Author:	Malloy, Liam Case
Format:	Dissertation
Language:	English
Subjects:	economics, general
Online Access:	Get full text
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