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Title:Estimates of intergenerational elasticities based on lifetime earnings PDF Logo
Authors:Nilsen, Øivind Anti
Vaage, Kjell
Aakvik, Arild
Jacobsen, Karl
Issue Date:2008
Series/Report no.:IZA discussion papers 3709
Abstract:Using Norwegian intergenerational data with a substantial part of the life-cycle earnings of children and almost the entire life-cycle earnings for their fathers, we present new estimates of intergenerational mobility. Extending the length of the fathers' earnings windows from 5 to 30 years increases the estimated elasticities. Increasing the age of father at observation has the opposite effect. Our findings indicate that intergenerational earnings mobility may have been strongly overstated in many earlier studies with shorter earnings histories. Biases in the estimated elasticities appear to be related to age and/or life-cycle measurement errors more than persistency in the transitory innovations.
Subjects:Intergenerational mobility
measurement error
JEL:J62
Persistent Identifier of the first edition:urn:nbn:de:101:1-2008101476
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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