An alternative measure of intergenerational income mobility based on a random coefficient model
We propose an alternative measure of the degree to which income status is transmitted from one generation to another. Our indicator of intergenerational income mobility is based on a random coefficient model, which allows for variation in intergenerational mobility across families due to multiplicat...
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| Veröffentlicht in: | Journal of applied econometrics (Chichester, England) England), 2012-11, Vol.27 (7), p.1161-1173 |
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| container_end_page | 1173 |
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| container_issue | 7 |
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| container_title | Journal of applied econometrics (Chichester, England) |
| container_volume | 27 |
| creator | Murtazashvili, Irina |
| description | We propose an alternative measure of the degree to which income status is transmitted from one generation to another. Our indicator of intergenerational income mobility is based on a random coefficient model, which allows for variation in intergenerational mobility across families due to multiplicative unobserved family-specific characteristics. This alternative measure suggests that intergenerational income persistence is typically stronger than when intergenerational income mobility is measured using the standard elasticity of sons' income with respect to fathers' income. |
| doi_str_mv | 10.1002/jae.1246 |
| format | Article |
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Our indicator of intergenerational income mobility is based on a random coefficient model, which allows for variation in intergenerational mobility across families due to multiplicative unobserved family-specific characteristics. 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| ispartof | Journal of applied econometrics (Chichester, England), 2012-11, Vol.27 (7), p.1161-1173 |
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| language | eng |
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| source | Jstor Complete Legacy; Wiley Online Library All Journals |
| subjects | Coefficients Consistent estimators Correlations Econometrics Economic models Elasticity Estimation methods Family Family income Fathers Generations Income Income distribution Income estimates Income mobility Instrumental variables estimation Intergenerational relations Occupational mobility Sons Studies Wage mobility |
| title | An alternative measure of intergenerational income mobility based on a random coefficient model |
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