Intergenerational persistence estimates are susceptible to several well-documented biases arising from income … measurement, and it has become standard practice to construct income measures to mitigate these. However, remaining bias can lead … literature. We show with theory and simulations that even using a 30-year income average can result in a small positive spurious …

observed for their parents in terms of some economic statuses (wages, income, work hours, and education). Additionally, we … Panel Study of Income Dynamics' data we find that married sons imitate their parents' household disparities more than …

. Christiansen -- Schooling, intelligence, and income in America / Orley Ashenfelter and Cecilia Rouse -- Does schooling raise …

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 …