Molina, José Alberto, Navarro, María and Walker, Ian. (2011) Intergenerational well-being mobility in Europe. Kyklos, Vol.64 (No.2). pp. 253-270. ISSN 0023-5962

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Abstract

This paper provides evidence of the intergenerational mobility of economic wellbeing for the countries of the EU-15. We deal with the potential endogeneity of the transmission parameter by exploiting the presence of heteroskedasticity in a cross-sectional setting, using rank-order IV and conditional second moments estimation. OLS and panel (Fixed Effects and First Differences) models are also estimated, providing the upper and lower bounds for the true causal effect, not only for fathers and sons, but also for fathers and daughters, mothers and sons and mothers and daughters, in each of the sample countries. Our findings suggest that income well-being is much more persistent across generations in Southern European countries than in Finland, Denmark, the Netherlands and the UK.

Item Type:	Journal Article
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HT Communities. Classes. Races
Divisions:	Faculty of Social Sciences > Economics
Journal or Publication Title:	Kyklos
Publisher:	Blackwell
ISSN:	0023-5962
Official Date:	May 2011
Volume:	Vol.64
Number:	No.2
Number of Pages:	18
Page Range:	pp. 253-270
Identification Number:	10.1111/j.1467-6435.2011.00505.x
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
Funder:	Spanish Ministry of Science, CYCIT
Grant number:	Innovation Postdoctoral Grant 2008-0583, ECO2008-06395-C0503/ECON
URI:	http://wrap.warwick.ac.uk/id/eprint/45625

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