THE INTERGENERATIONAL CORRELATION BETWEEN CHILDREN'S ADULT EARNINGS AND THEIR PARENTS' INCOME: RESULTS FROM THE MICHIGAN PANEL SURVEY OF INCOME DYNAMICS

Jere Behrman and Paul Taubman

Review of Income and Wealth, 1990, vol. 36, issue 2, 115-127

Abstract: Intergenerational correlations between parental income and child earnings reflect the extent of intergenerational economic mobility and equality of opportunity. Previous estimates are about 0.2, but these estimates suffer from a number of problems, including the use of but one year of observations and of nonrandom samples. We present new estimates based on the Panel Study of Income Dynamics. These estimates suggest correlations over 0.5 with longer‐run income and earning measures, as well as some gender and race differences and some impact of liquidity constraints. They also suggest that the intergenerational elasticity is greater as parental income increases, the opposite of the Becker‐Tomes conjecture.

Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (124)

Downloads: (external link)
https://doi.org/10.1111/j.1475-4991.1990.tb00275.x

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:bla:revinw:v:36:y:1990:i:2:p:115-127

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586

Access Statistics for this article

Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill

More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().