Bingley, Paul; Cappellari, Lorenzo - CESifo - 2012
We model the correlations of brothers’ life-cycle earnings separating for the first time the effect of paternal … earnings from transitory –serially correlated—shocks, allows for life-cycle effects and nests the models of previous research …/first-son/second-son triplets we find that sibling effects explain between one fourth and one half of inequality in life-cycle earnings, and largely …