What is the source of the intergenerational correlation in earnings? A comment.

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Author: Corina Boar
Date: July 2022
Publisher: Elsevier B.V.
Document Type: Brief article
Length: 151 words

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Abstract :

Keywords Intergenerational mobility; Labor supply; Earnings Abstract Gayle et al. (2022) study the sources of intergenerational persistence in earnings using a structural model estimated with data from the Panel Study of Income Dynamics. In the model, altruistic parents choose whether to have children or not, how much time to spend with their children and how much time to work, as well as how much to consume. Earnings in the labor market depend on observable characteristics of individuals, as well as parents' education, ability, income and time investments. The estimated model predicts that nurture explains between 60 and 70% of intergenerational persistence, with a large role for labor market effects. Author Affiliation: (a) Department of Economics, New York University, 19 West 4th Street, New York, NY 10012, USA (b) NBER, 1050 Massachusetts Ave, Cambridge, MA 02138, USA Article History: Received 21 March 2022; Accepted 22 March 2022 Byline: Corina Boar [corina.boar@nyu.edu] (a,b)

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Gale Document Number: GALE|A706769205