and find that the remaining bias is substantial (20% of the true elasticity from left-side measurement error at the most …-cycle bias if the snapshots cannot mimic lifetime outcomes. Using uniquely long series of Swedish income data, we show that … current empirical strategies do not eliminate such bias. We focus on the widely adopted generalized errors-in-variables model …

empirical literature on this topic, we also give a brief discussion of some of the relevant theory. We consider three strands of …-economic outcomes. We discuss both measurement challenges and some notable findings. We then turn to quantifying the importance of …