What is the source of the intergenerational correlation in earnings? A comment

• 成果类型: Editorial Material
• 署名作者: Boar, Corina
• 署名单位: New York University; National Bureau of Economic Research
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2022.03.008
• 发表日期: 2022
• 页码: 46-48
• 关键词: intergenerational mobility; labor supply; earnings

摘要

Gayle et al. (2022) study the sources of intergenerational persistence in earnings using a structural model estimated with data from the Panel Study of Income Dynamics. In the model, altruistic parents choose whether to have children or not, how much time to spend with their children and how much time to work, as well as how much to consume. Earnings in the labor market depend on observable characteristics of individuals, as well as parents' education, ability, income and time investments. The estimated model predicts that nurture explains between 60 and 70% of intergenerational persistence, with a large role for labor market effects. (C) 2022 Elsevier B.V. All rights reserved.