A reexamination of the study “Influences of Socioeconomic Backgrounds on the Earnings of Young Men” by BF. Kikier through econometric analysis exploring the question what is the impact of parental income on one’s future earning taking into account one’s education, intelligence, and motivation? This question is based on theories from Gary Becker’s early work being that parents devote time and money into their children and these inputs are passed on to the child in terms of future success. Exploring this topic, using modern data, will allow a greater understanding of mobility from generation to generation to understand if have we lost sight of the passion that drives Americans every day.
