Heterogeneous Income Profiles and Lifecycle Bias in Intergenerational Mobility Estimation
Heterogeneous Income Profiles and Lifecycle Bias in Intergenerational Mobility Estimation
复制标题
代际流动性估计中的异质收入状况和生命周期偏差
DOI:
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发表时间:
2016
期刊:
影响因子:
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通讯作者:
Jan Stuhler
中科院分区:
文献类型:
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作者:
Martin Nybom;Jan Stuhler
Using short snapshots of income in intergenerational mobility estimation causes “lifecycle bias” if the snapshots cannot mimic lifetime outcomes. We use uniquely long series of Swedish income data to show that this bias is large and to examine current strategies to reduce it. We confirm that lifecycle bias is smallest when incomes are measured around midlife, a central implication from a widely adopted generalization of the classical errors-in-variables model. However, the model cannot predict the ideal age of measurement or eliminate lifecycle bias at other ages. We illustrate how extensions of this model can reduce the bias further.