. However, as applications are typically based on shorter snapshots, estimates are subject to lifecycle bias. Using long income …

. However, as applications are typically based on shorter snapshots, estimates are subject to lifecycle bias. Using long income …

elasticities for a possible lifecycle bias. In contrast to previous studies, we find that the extent of intergenerational mobility … attention. The present paper proposes an estimation method that corrects for such inconsistencies. The extent of this lifecycle … bias is found to be strong in Germany but only modest in the US. …

elasticities for a possible lifecycle bias. In contrast to previous studies, we find that the extent of intergenerational mobility … attention. The present paper proposes an estimation method that corrects for such inconsistencies. The extent of this lifecycle … bias is found to be strong in Germany but only modest in the US. …