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Title:Reassessing intergenerational mobility in Germany and the United States: the impact of differences in lifecycle earnings patterns PDF Logo
Authors:Vogel, Thorsten
Issue Date:2006
Series/Report no.:SFB 649 discussion paper 2006,055
Abstract:Using longitudinal data on fathers and their children, this study compares the extent of intergenerational mobility in Germany and the United States and introduces an estimation strategy that corrects estimates of intergenerational earnings elasticities for a possible lifecycle bias. In contrast to previous studies, we find that the extent of intergenerational mobility is more limited in the US than in Germany. Furthermore, while the errors-in-variables problems have been dealt with extensively in the literature, the inconsistencies in standard mobility measures due to lifecycle effects have attracted much less attention. The present paper proposes an estimation method that corrects for such inconsistencies. The extent of this lifecycle bias is found to be strong in Germany but only modest in the US.
Subjects:Intergenerational mobility
lifecycle bias
comparison of Germany and the US
JEL:D31
J31
J62
Document Type:Working Paper
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

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