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1 Measuring and Interpreting Inequality Working Group Conference on Intergenerational Mobility Organized by Bhash Mazumder, Steven N. Durlauf, and Scott Duke Kominers Human Capital and Economic Opportunity Global Working Group May 12-13, 2012 Conference Summary The purpose of this conference was to create an exchange of ideas and promote possible collaboration among a diverse group of scholars of the Measurement and Interpretation of Inequality network (MIE) on the general topic of intergenerational mobility. The goal of the MIE network is to understand and interpret inequality in all of its manifestations; intergenerational inequality is a key dimension of the group’s research objective. Bhashker Mazumder of the Federal Reserve Bank of Chicago, and the co-leaders of the MIE Working Group, Steven Durlauf of the University of Wisconsin-Madison, and Scott Duke Kominers of the Becker Friedman Institute of Research in Economics at the University of Chicago organized presentations and discussions of the following research papers: - Early and Late Human Capital Investments, Borrowing Constraints, and the FamilyLance Lochner (University of Western Ontario), joint work with Elizabeth Caucutt (University of Western Ontario) - “Racial Peer Effects in the Classroom” Daryl Fairweather (University of Chicago) - Rich Dad, Smart Dad: Decomposing the Intergenerational Transmission of Income” Matthew Lindquist (Stockholm University), joint work with Lars Lefgren (Brigham Young University) and David Sims (Brigham Young University) - “Nature and Nurture in the Transmission of Economic Status” Ananth Seshadri (University of Wisconsin-Madison), joint work with Sang Yoon Lee (University of Mannheim) - “What is the True Rate of Social Mobility? Evidence from the Information Content of Surnames” Gregory Clark (University of California, Davis)

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