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Biases in Standard Measures of Intergenerational Income Dependence
Stockholm University, Faculty of Social Sciences, The Swedish Institute for Social Research (SOFI). Institute for Evaluation of Labor Market and Education Policy (IFAU), Sweden.
Stockholm University, Faculty of Social Sciences, The Swedish Institute for Social Research (SOFI). Universidad Carlos III de Madrid, Spain.
Number of Authors: 2
2017 (English)In: The Journal of human resources, ISSN 0022-166X, E-ISSN 1548-8004, Vol. 52, no 3, 800-825 p.Article in journal (Refereed) Published
Abstract [en]

Estimates of the most common mobility measure, the intergenerational elasticity, can be severely biased if snapshots are used to approximate lifetime income. However, little is known about biases in other popular dependence measures. Using long Swedish income series, we provide such evidence for log-linear and rank correlations, and rank-based transition probabilities. Attenuation bias is considerably weaker in rank-based measures. Life-cycle bias is strongest in the elasticity, moderate in log-linear correlations, and small in rank-based measures. However; there are important exceptions: persistence in the tails of the distribution is considerably higher and long-distance downward mobility lower than estimates from short-run income suggest.

Place, publisher, year, edition, pages
2017. Vol. 52, no 3, 800-825 p.
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-146003DOI: 10.3368/jhr.52.3.0715-7290RISI: 000405886600006OAI: oai:DiVA.org:su-146003DiVA: diva2:1136265
Available from: 2017-08-26 Created: 2017-08-26 Last updated: 2017-08-26Bibliographically approved

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Nybom, MartinStuhler, Jan
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