IGEINTB: Stata module to estimate intergenerational income elasticities (IGEs) with multiple sets of instruments

Pablo Mitnik

Statistical Software Components from Boston College Department of Economics

Abstract: igeintb estimates IGEs of children's income with respect to parental income. To estimate the lower bound, igeintb uses an estimator assumed to be affected by attenuation bias given the parental information available (i.e., a short-run instead of a long-run parental-income measure). To estimate the upper bound, igeintb uses an instrumental-variable (IV) estimator and at least two (and up to ten) sets of invalid instruments assumed to be positively correlated with the error term of the population regression function of interest. The estimated IGE may be the IGE of the expectation or the IGE of the geometric mean. igeintb computes confidence intervals that take into account that the use of multiple sets of instruments to estimate the upper bound entails that the identified set is equal to the intersection of all the sets than can be formed by combining the probability limit of the IV estimator based on one set of instruments with the probability limit of the lower-bound estimator.

Language: Stata
Requires: Stata version 13
Keywords: intergenerational income elasticities; bounds; confidence intervals (search for similar items in EconPapers)
Date: 2019-10-18
Note: This module should be installed from within Stata by typing "ssc install igeintb". The module is made available under terms of the GPL v3 (https://www.gnu.org/licenses/gpl-3.0.txt). Windows users should not attempt to download these files with a web browser.
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Downloads: (external link)
http://fmwww.bc.edu/repec/bocode/i/igeintb.ado program code (text/plain)
http://fmwww.bc.edu/repec/bocode/i/igeintb.sthlp help file (text/plain)
http://fmwww.bc.edu/repec/bocode/i/igeintb_data.dta sample data file (application/x-stata)

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