Estimation of sons' intergenerational earnings mobility in the presence of censoring | Zendy

Minicozzi Alexandra L. | Zendy

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Estimation of sons' intergenerational earnings mobility in the presence of censoring

Author(s) -

Minicozzi Alexandra L.

Publication year - 2002

Publication title -

journal of applied econometrics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 2.878

H-Index - 99

eISSN - 1099-1255

pISSN - 0883-7252

DOI - 10.1002/jae.682

Subject(s) - censoring (clinical trials) , earnings , unemployment , economics , econometrics , panel study of income dynamics , estimation , parametric statistics , demographic economics , mathematics , statistics , macroeconomics , accounting , management

Based on intergenerational data from the Panel Study of Income Dynamics, I provide estimates of income mobility across generations for men. Special attention is paid to issues of censoring caused by a son's unemployment. Employing non‐parametric bounds estimates, I illustrate that previous income mobility estimates rely heavily on (unjustified) assumptions of exogenous selection. Assuming a son's potential income is instead a function of his reason for unemployment and work history, I re‐estimate mobility. Allowing for sampling variability, the range of feasible slopes consistent with these modified bounds restrictions is 0.27 to 0.55. Copyright © 2002 John Wiley & Sons, Ltd.

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