We study how fathers and mothers income satisfaction correlates with the income satisfaction of their sons and … daughters, as well as with other economic and socio-demographic variables. We estimate these correlations using data on parents … and children in households surveyed in the eight waves of the European Community Household Panel-ECHP (1994-2001) for 14 …

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare …. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing … measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We use a tractable …