Intergenerational earnings mobility: changes across cohorts in Britain

TY - JOUR

T1 - Intergenerational earnings mobility

T2 - changes across cohorts in Britain

AU - Nicoletti, Cheti

AU - Ermisch, John

PY - 2008/1/16

Y1 - 2008/1/16

N2 - The aim of this paper is to analyze intergenerational earnings mobility in Britain for cohorts of sons born between 1950 and 1972. Since there are no British surveys with information on both sons’ and their fathers’ earnings covering the above period, we consider two separate samples from the British Household Panel Survey. We combine information from the two samples using the two-sample two-stage least squares estimator described by Arellano and Meghir (1992). Our main result shows that intergenerational earnings mobility was stable for the cohorts born between 1950 and 1960 and decreased statistically significantly among more recent cohorts, those bornduring 1961–1972.

AB - The aim of this paper is to analyze intergenerational earnings mobility in Britain for cohorts of sons born between 1950 and 1972. Since there are no British surveys with information on both sons’ and their fathers’ earnings covering the above period, we consider two separate samples from the British Household Panel Survey. We combine information from the two samples using the two-sample two-stage least squares estimator described by Arellano and Meghir (1992). Our main result shows that intergenerational earnings mobility was stable for the cohorts born between 1950 and 1960 and decreased statistically significantly among more recent cohorts, those bornduring 1961–1972.

KW - Intergenerational moblity

KW - Measurement error

KW - Two-sample two-stage least squares estimator

UR - http://www.scopus.com/inward/record.url?scp=57349166954&partnerID=8YFLogxK

U2 - 10.2202/1935-1682.1755

DO - 10.2202/1935-1682.1755

M3 - Article

SN - 1935-1682

VL - 7

SP - 777

EP - 826

JO - BE Journal of Economic Analysis and Policy

JF - BE Journal of Economic Analysis and Policy

IS - 2

M1 - 9

ER -