Estimates of the most common mobility measure, the intergenerational elasticity, can be severely biased if snapshots … are used to approximate lifetime income. However, little is known about biases in other popular dependence measures. We … use long Swedish income series to provide such evidence for linear and rank correlations, and rank-based transition …

production. We demonstrate that the presence of labor income risk unambiguously is an important determinant of long-run expected …