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Because the permanent incomes of parents and children are typically unobserved, the estimation of the intergenerational …
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A correlation curve is introduced as a tool to study the degree of intergenerational income mobility, i.e. how income status is related between parents and adult child. The method overcomes the shortcomings of the elasticity of children’s income with respect to parents’ income (i.e. its...
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A correlation curve is introduced as a tool to study the degree of intergenerational income mobility, i.e. how income status is related between parents and adult child. The method overcomes the shortcomings of the elasticity of children's income with respect to parents' income (i.e. its...
Persistent link: https://www.econbiz.de/10011896785
maximize children’s expected outcomes and parents’ utility. We apply the method of semiparametric maximum score estimation to …
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