Correlations of Brothers' Earnings and Intergenerational Transmission

[Autom. eng. transl.] Correlations between parent and child earnings reflect intergenerational mobility and, more broadly, correlations between siblings' earnings reflect shared community and family background. These earnings relationships capture socio-economic status more generally. We believe that interactions within the life cycle can be achieved through joint development that nests previous models. We are finding that intergenerational effects for average 72 percent of sibling correlations. This is higher than the previous study because we allow for heterogeneous intergenerational transmission between families. Sibling correlations exhibit U-shape over the working life, consistent with differences in human capital investments between families.