Intergenerational well-being mobility in Europe
Molina, José Alberto, Navarro, María and Walker, Ian. (2011) Intergenerational well-being mobility in Europe. Kyklos, Vol.64 (No.2). pp. 253-270. ISSN 0023-5962Full text not available from this repository.
Official URL: http://dx.doi.org/10.1111/j.1467-6435.2011.00505.x
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|
|Number of Pages:||18|
|Page Range:||pp. 253-270|
|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|
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