Empirical Strategies to Eliminate Life-Cycle Bias in the Intergenerational Elasticity of Earnings Literature

I argue that the empirical strategies for estimation of the intergenerational elasticity of lifetime earnings that are currently employed in the literature might not eliminate bias arising from life-cycle effects. Specifically, I demonstrate that procedures based on the generalized errors-in-variables model suggested by Haider and Solon (2006) or the consideration of differential earnings growth rates across subpopulations may not yield unbiased or consistent estimates. I further argue that instrumental variable estimators will not identify an upper bound for the true population parameter

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Year of publication:	2011
Authors:	Stuhler, Jan
Publisher:	[S.l.] : SSRN
Subject:	Generationengerechtigkeit \| Intergenerational equity \| Lebenseinkommen \| Lifetime income \| Systematischer Fehler \| Bias \| Soziale Mobilität \| Social mobility \| Einkommenshypothese \| Income hypothesis \| Statistischer Fehler \| Statistical error

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