@TechReport{iza:izadps:dp18691,
            	author={Laliberté, Jean-William and Whalley, Alexander},
            	title={Social Connections and the Persistence of Income Across Generations},
            	year={2026},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={18691},
            	url={https://www.iza.org/index.php/publications/dp18691},
	abstract={We use matched parent-child-employer-employee data from Canada, linked to detailed educational records, to quantify the contribution of social connections to employers to intergenerational income mobility. Sorting across employers accounts for roughly a third of the transmission of income across generations. To estimate the impact of social connections on differential representation across employers, we compare classmates -- those with the same degree from the same institution -- who have different social connections. We find social connections in the labor market explain about 15% of the firm-sorting component of the intergenerational income rank-rank relationship, about a third the explanatory power of education.},
	keywords={social connections;intergenerational mobility},
            }