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One-shot Economic Mobility via Microsoft Excel

Author

Listed:
  • Humberto Barreto

    (School of Business and Leadership, DePauw University)

Abstract

This paper explains how to use a macro-enabled Excel workbook, Mobility.xlsm, to teach basic concepts about intergenerational mobility as a standalone, one-time class or assignment at the undergraduate level. The focus is on explaining the results from Chetty et al. (2014) which tracks the parent’s place in the income distribution and then their adult children’s income ranking. Simulation is used to explain the bottom-to-top transition probability and the transition matrix with strong visuals and concrete numbers. The workbook is entirely self-contained and has a series of questions to lead students through the material. This paper has suggested answers and further areas of study. Download the freely-available Excel workbook at tiny.cc/mobilityexcel.

Suggested Citation

  • Humberto Barreto, 2023. "One-shot Economic Mobility via Microsoft Excel," Working Papers 2023-01, DePauw University, School of Business and Leadership and Department of Economics and Management.
    • Handle: RePEc:dew:wpaper:2023-01
    as

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    File URL: https://www.depauw.edu/site/learn/dew/wpaper/workingpapers/DePauw2023-01-Barreto-OneShotEconomicMobility.pdf
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    References listed on IDEAS

    as
    1. Raj Chetty & Nathaniel Hendren & Maggie R Jones & Sonya R Porter, 2020. "Race and Economic Opportunity in the United States: an Intergenerational Perspective [“Intergenerational Mobility of Immigrants in the US Over Two Centuries,”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 711-783.
    2. Barnes, William & Easton, Todd & Hanig, Ross Leupp, 2019. "Student preconceptions and reality: A survey exercise to teach wealth inequality," International Review of Economics Education, Elsevier, vol. 30(C), pages 1-1.
    3. Raj Chetty & Nathaniel Hendren & Patrick Kline & Emmanuel Saez, 2014. "Where is the land of Opportunity? The Geography of Intergenerational Mobility in the United States," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(4), pages 1553-1623.
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    More about this item

    Keywords

    teaching; pedagogy; simulation; intergenerational; transition matrix; Chetty;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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