Do you expect the correlation between parent and child wages to increase or decrease in a...

 

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Do you expect the correlation between parent and child wages to increase or decrease in a response to a typical recession? How do you expect the correlation between parent and child wages to change in response to the COVID-19 Recession? Suppose latent ability formation depends both on money and on the parent's latent ability. Do you expect the students induced to attend college by a reces- sion to have children that will eventually also attend college, and what are the implications of this for mobility? Do you expect the correlation between parent and child wages to increase or decrease in a response to a typical recession? How do you expect the correlation between parent and child wages to change in response to the COVID-19 Recession? Suppose latent ability formation depends both on money and on the parent's latent ability. Do you expect the students induced to attend college by a reces- sion to have children that will eventually also attend college, and what are the implications of this for mobility?

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Answer In response to a typical recession it is generally expected that the correlation between parent and child wages would increase This is because ... View the full answer