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Biases in Standard Measures of Intergenerational Income Dependence
Uppsala University, Units outside the University, Office of Labour Market Policy Evaluation. Stockholm Univ, Swedish Inst Social Res, Stockholm, Sweden.
Univ Carlos III Madrid, Getafe, Spain.;Swedish Inst Social Res, Stockholm, Sweden..
2017 (English)In: The Journal of human resources, ISSN 0022-166X, E-ISSN 1548-8004, Vol. 52, no 3, 800-825 p.Article in journal (Refereed) Published
Abstract [en]

Estimates of the most common mobility measure, the intergenerational elasticity, can be severely biased if snapshots are used to approximate lifetime income. However, little is known about biases in other popular dependence measures. Using long Swedish income series, we provide such evidence for log-linear and rank correlations, and rank-based transition probabilities. Attenuation bias is considerably weaker in rank-based measures. Life-cycle bias is strongest in the elasticity, moderate in log-linear correlations, and small in rank-based measures. However; there are important exceptions: persistence in the tails of the distribution is considerably higher and long-distance downward mobility lower than estimates from short-run income suggest.

Place, publisher, year, edition, pages
2017. Vol. 52, no 3, 800-825 p.
National Category
Social Sciences Economics
Identifiers
URN: urn:nbn:se:uu:diva-332213DOI: 10.3368/jhr.52.3.0715-7290RISI: 000405886600006OAI: oai:DiVA.org:uu-332213DiVA: diva2:1152528
Funder
The Jan Wallander and Tom Hedelius FoundationForte, Swedish Research Council for Health, Working Life and Welfare
Available from: 2017-10-25 Created: 2017-10-25 Last updated: 2017-10-30Bibliographically approved

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