In this paper we develop and estimate a factor model of the earnings, labor supply, and wages of young men and young women, their parents and their siblings. We estimate the model using data on matched sibling and parent-child pairs from the National Longitudinal Survey of Labor Market...

The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital...

We measure the effects of parental education on the education profile of wages. The analysis uses sibling pairs from the Panel Study of Income Dynamics and the National Longitudinal Surveys of Labor Market Experience of Young Men and Young Women. We also use the variance across siblings in...

This paper examines the links between the labor market outcomes of individuals who are related by blood or by marriage using panel data on pairs of matched family members from the National Longitudinal Survey of Labor Market Experience. We examine the intergenerational and sibling correlations...

This paper uses data from the Panel Study of Income Dynamics, and the German Socioeconomic Panel to calculate comparable measures of the intergenerational correlations of earnings, hours, and education in the United States and Germany. Our results indicate that there is remarkable similarity...

We measure the effects of parental education on the education profile of wages. The analysis uses sibling pairs from the Panel Study of Income Dynamics and the National Longitudinal Surveys of Labor Market Experience of Young Men and Young Women. We also use the variance across siblings in...

This paper uses data from the Panel Study of Income Dynamics, and the German Socioeconomic Panel to calculate comparable measures of the intergenerational correlations of earnings, hours, and education in the United States and Germany. Our results indicate that there is remarkable similarity...