A note on the rate of intergenerational convergence of earnings |
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| Authors: | Eric R Eide Mark H Showalter |
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| Institution: | (1) Department of Economics, Brigham Young University, Provo, UT 84602-2363, USA (Fax: +1-801-378-2844; e-mail: eide@byu.edu, showalter@byu.edu), US |
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| Abstract: | We show that “convergence” to mean earnings in intergenerational earnings mobility models will be a function not only of
the single-generation correlation of earnings, but also of the properties of the unobserved stochastic distribution of shocks
to earnings.
Received: 24 March 1998/Accepted: 13 November 1998 |
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| Keywords: | JEL classification: J62 |
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