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We examine how intergenerational income mobility responds to structural changes in a simple theoretical model of …
Persistent link: https://www.econbiz.de/10013077332
I argue that the empirical strategies for estimation of the intergenerational elasticity of lifetime earnings that are currently employed in the literature might not eliminate bias arising from life-cycle effects. Specifically, I demonstrate that procedures based on the generalized...
Persistent link: https://www.econbiz.de/10013136780
Research on intergenerational income mobility is based on current income since data on lifetime income are typically … not available for two generations. However, using snapshots of income over shorter periods causes a so-called life …-cycle bias if the snapshots cannot mimic lifetime outcomes. Using uniquely long series of Swedish income data, we show that …
Persistent link: https://www.econbiz.de/10013125141
We quantify intergenerational and assortative processes by comparing different degrees of kinship within the same generation. This horizontal approach yields more, and more distant kinship moments than traditional methods, which allows us to account for the transmission of latent advantages in a...
Persistent link: https://www.econbiz.de/10014079418