Assume the intergenerational income elasticity is 0.4, Jeremy's parents earn $40,000 per year, and Ahmad's parents earn
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume the intergenerational income elasticity is 0.4, Jeremy's parents earn $40,000 per year, and Ahmad's parents earn $80,000 per year. If Jeremy earns $50,000 per year as an adult, what do you predict Ahmad's adult income will be?
Posted Date: