Abstract
We estimate sibling correlations and intergenerational transmission
of life cycle earnings within a unified framework that nests previous
models. Using data on the Danish population of father/first-son/second-son
triads we find that intergenerational effects account for 72% of sibling correlations.
This share is higher than in previous studies because we allow for
heterogeneous intergenerational transmission between families. For the first
time, we show significant U-shaped life cycle variation in sibling correlations,
consistent with human capital models. Estimates of intergenerational
mobility are of greater value than previously thought for understanding the
role of the family in explaining earnings inequality.
Lingua originale | English |
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pagine (da-a) | 370-383 |
Numero di pagine | 14 |
Rivista | THE REVIEW OF ECONOMICS AND STATISTICS |
DOI | |
Stato di pubblicazione | Pubblicato - 2019 |
Keywords
- Intergenerational