The Inheritance of Employers and Nonlinearities in Intergenerational Earnings Mobility

Miles Corak, Patrizio Piraino and Francisco Ferreira

Chapter 1 in Inequality and Growth: Patterns and Policy, 2016, pp 1-34 from Palgrave Macmillan

Abstract: Abstract A growing literature addressing the intergenerational transmission of earnings often forms the backdrop for policy discussions dealing with equality of opportunity. This literature is generally framed in the context of a linear regression to the mean model, and motivated theoretically by models of parental investments in the human capital of their children as in Becker and Tomes (1986, 1979) and Loury (1981). The major concern of the empirical research has been the challenge of correctly estimating the elasticity of earnings between parents and their children in the presence of measurement errors and life cycle biases. Atkinson, Maynard, and Trinder (1983), Solon (1992, 1989) and Zimmerman (1992) offer a starting point that has led to a large number of studies from a number of countries, surveyed by d’Addio (2007), Björklund and Jäntti (2009), Black and Devereux (2011), Corak (2006), and Solon (2002, 1999). Böhlmark and Lindquist (2006), Grawe (2006), Haider and Solon (2006) and Nybom and Stuhler (2016) represent some recent methodological developments.

Keywords: Intergenerational Transmission; Parental Income; Reservation Wage; Intergenerational Mobility; Switching Regression (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/9781137554598_1

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