Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/55125 
Year of Publication: 
2011
Series/Report no.: 
IZA Discussion Papers No. 5990
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
We provide the first twin-based estimates of the intergenerational transmission of income between fathers and sons. Using Swedish register data on the income of monozygotic twin fathers and their sons, we are able to control for unobserved endowments at the twin-pair level when estimating the intergenerational relationship. We find a cross-sectional intergenerational income elasticity of 0.276, while our twin-based intergenerational income elasticity is 0.12. This is close to the estimate of 0.10 found by Björklund et al. (2006) using an adoption design. This suggests that at most half of the income transmission can be given a causal interpretation.
Subjects: 
twins
income
intergenerational transmission
intergenerational mobility
JEL: 
J0
J1
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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