TITLE: Student Mean Income based on College Tiers and Household Income Hierarchy DATE: 04/22/2022 Kwame Darko-MensahINTRODUCTION The degree to which an individual's position in the income distribution continues or changes from one generation to the next is referred to as intergenerational income mobility (Stuhler, 2018). Policymakers are increasingly worried about intergenerational economic mobility since income inequality has risen in many nations in recent decades (Deutscher, et. al (2021). This study aims predict a child’s percentile using their parents’ income percentile and other factors. To do this analysis, a cross-sectional data obtained from the data repository https://opportunityinsights.org/data/ was used. The dataset contains information of 1515 and has 21 variables. Our most interesting variables are k_mean and par_pctile whereby we need to check if there exists any relationship between k_means and par_pctile. In the research, our dependent variable is child’s percentile income while our independent variable is parent’s percentile income. Other variables such as age and sex which are likely to have some impacts on our analysis will be included in the analysis. Literature Review Introduction A variety of techniques are used in conceptualizing and assessing intergenerational mobility. This section focuses on illustrating several models for predicting children’s status based on their parents’ earnings and other related factors through case studies. Case Studies Intergenerational mobility, according to a new study by the National Bureau of Economic Research, is the relationship between parents' and children's socioeconomic level (Cholli & Durlauf, 2022). The study also utilized the term "socioeconomic status" to refer to a person's income. A variety of mechanisms have been proposed to explain the relationship between parental and child status, and they can be split into two categories, including family and social influences. According to Cholli and Durlauf (2022), wealth, education, and the composition of the family can all have a role in determining intergenerational mobility. Social models, on the other hand, are concerned with the social environment, specifically schools and neighborhoods. Recent social science research has highlighted the importance of a broad set of cognitive skills and personality traits in determining labor market success. Parental attributes, as well as investments, have an impact on these abilities (Mogstad et al., 2021). Traditional family investment structures are used to enable for parental investment and education to be complimentary inputs, which means that each dollar of investment has a marginal impact. Parental education improves when parents invest in their children. When this is the case, parental education heterogeneity can increase intergenerational transmission. Persistence is important because parental education has an impact on the amount of money invested since parental education affec ...