Fixed Effects, Invariance, and Spatial Variation in Intergenerational Mobility

Gary Chamberlain

American Economic Review, 2016, vol. 106, issue 5, 400-404

Abstract: Chetty et al. (2014) document variation across commuting zones in intergenerational mobility. With over 700 commuting zones, the task of estimating place effects involves a high-dimension parameter space. I develop a fixed-effects model along with an oracle bound on the risk of invariant estimators. The oracle estimator uses an invariant prior, which I have incorporated into a random-effects model to obtain a feasible estimator. This estimator almost achieves the oracle bound over the relevant part of the (fixed-effects) parameter space in the empirical application. There is substantial reduction in risk compared with the least-squares estimator.

JEL-codes: C23 J62 (search for similar items in EconPapers)
Date: 2016
Note: DOI: 10.1257/aer.p20161082
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.aeaweb.org/articles?id=10.1257/aer.p20161082 (application/pdf)
https://www.aeaweb.org/aer/app/10605/P2016_1082_app.pdf (application/pdf)
https://www.aeaweb.org/aer/ds/10605/P2016_1082_ds.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:106:y:2016:i:5:p:400-404

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().