The causal component in the intergenerational transmission of income

Monique de Haan and Magnus Stubhaug
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Monique de Haan: Amsterdam School of Economics and Tinbergen Institute
Magnus Stubhaug: NIFU, Oslo

No 24-063/V, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: We apply a partial identification analysis using comprehensive Norwegian register data to investigate the causal effect of father's income on child income. We find a strong association between the incomes of fathers and children. The causal effect, however, equals at least 1% and at most 51% of this observed association. Additionally, we find substantial differences in the intergenerational association and bounds around the causal effect between sons and daughters when considering individual incomes. When examining joint income with their partners, the results are more aligned, indicating that assortative mating plays a key role in intergenerational income transmission, particularly for daughters.

Keywords: Intergenerational income transmission; partial identification; intergenerational mobility (search for similar items in EconPapers)
JEL-codes: C14 D31 J62 (search for similar items in EconPapers)
Date: 2024-10-31
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