Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/232077
Authors: 
Braun, Sebastian Till
Stuhler, Jan
Year of Publication: 
2018
Citation: 
[Journal:] The Economic Journal [ISSN:] 1468-0297 [Volume:] 128 [Issue:] 609 [Pages:] 576-611
Abstract: 
This paper shows that across multiple generations, the persistence of occupational and educational attainment in Germany is larger than estimates from two generations suggest. We consider two recent interpretations. First, we assess Gregory Clark’s hypotheses that the true rate of intergenerational persistence is higher than the observed rate, as high as 0.75, and time-invariant. Our evidence supports the first but not the other two hypotheses. Second, we test for independent effects of grandparents. We show that the coefficient on grandparent status is positive in a wide class of Markovian models, and present evidence against its causal interpretation.
JEL: 
J62
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)

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