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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/10011958888
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
Recent studies use names - first and surnames - to estimate intergenerational mobility in sources that lack direct family links. While generating novel evidence on intergenerational transmission processes, it remains unclear how different estimators compare and how reliable they are. This paper...
Persistent link: https://www.econbiz.de/10014461509
estimation strategy is applicable to both parametric and nonparametric stochastic volatility models, and can handle both jumps …
Persistent link: https://www.econbiz.de/10010487528
from this basic requirement by presenting an algorithm for nonparametric estimation of conditional quantiles when both the …
Persistent link: https://www.econbiz.de/10011382707
In this paper, we employ a partially linear nonparametric additive regression estimator, with recent U.S. Current …
Persistent link: https://www.econbiz.de/10010462852
This paper proposes plug-in bandwidth selection for kernel density estimation with discrete data via minimization of mean summed square error. Simulation results show that the plug-in bandwidths perform well, relative to cross-validated bandwidths, in non-uniform designs. We further find that...
Persistent link: https://www.econbiz.de/10011296735
This paper asks which aspects of a structural Nonparametric Instrumental Variables Regression (NPIVR) can be identified …
Persistent link: https://www.econbiz.de/10010188249
with nonparametric estimation of the pricing kernel (Empirical Pricing Kernel) given by the ratio of the risk ….r.t. the European call option price function, which we estimate by nonparametric regression. The subjective density is …
Persistent link: https://www.econbiz.de/10010270732
This paper revisits the Two-Sample Two-Stage Least Squares (TSTSLS) method, which is commonly used to estimate intergenerational mobility in the absence of parental earnings data. First, we decompose the TSTSLS intergenerational earnings elasticity (IGE) into the linked administrative data...
Persistent link: https://www.econbiz.de/10014240729