Children’s incomes tend to resemble their parents', a relationship that is particularly pronounced in higher-inequality societies like the United States. However, the mechanisms behind this intergenerational earnings transmission are not well understood. Using a new dataset to look at the roles of neighbourhoods and firms in shaping intergenerational economic transmission in the U.S., this work has four main findings:

Immigration policy is hard, involving difficult decisions and trade-offs. But, as Alan Manning – former chair of the UK's Migration Advisory Committee – makes clear, this doesn't mean that we can't do much better.

Ufuk Akcigit is the Arnold C. Harberger Professor of Economics and the Director of the Global Center for Economic Growth at the University of Chicago. He also serves as a Research Professor at the Halle Institute for Economic Research and is an elected Research Associate at the National Bureau of Economic Research, the Center for Economic Policy Research, and the Center for Economic Studies.

We are pleased to bring this Eminent Speaker Series webinar where the Economic Society of Australia Victoria Branch join with Melbourne Business School to bring you this engaging seminar by Professor Songzi Du on price discovery in auctions. 

Mary Amiti is the head of Labor and Product Market Studies within the Monetary Policy Research Division. Prior to joining the Bank, she held positions at the International Monetary Fund, World Bank, the University of Melbourne, and the University of Pompeu Fabra. She graduated with a PhD in Economics from the London School of Economics in 1997, with a specialization in international trade. She has published in leading journals such as the American Economic Review, Quarterly Journal of Economics, Review of Economic Studies, Review of Economics and Statistics, and Journal of International Economics. Her research interests include trade finance, the effects of trade liberalization on productivity, wages, the wage skill premium, and product quality.

Professor Susan Athey is The Economics of Technology Professor at Stanford Graduate School of Business. She is the recipient of the John Bates Clark Medal, awarded by the AEA to the economist under 40 who has made the greatest contributions to thought.