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The Steady-State Assumption and the Estimation of Distributional and Related Models

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  • A. B. Atkinson
  • S. P. Jenkins

Abstract

There is considerable interest in the estimation of linear structural equation models (including path analysis) of the evolution across generations of the distribution of income, of socioeconomic achievement, and of related variables. Given insufficient data, the estimation of the models has commonly proceeded by making assumptions which reduce the data requirements. In particular, it has been assumed (often implicitly) that the distribution of the variables being studied is in steady-state. In this paper we examine the role of this assumption and argue the need for care in its use.

Suggested Citation

  • A. B. Atkinson & S. P. Jenkins, 1984. "The Steady-State Assumption and the Estimation of Distributional and Related Models," Journal of Human Resources, University of Wisconsin Press, vol. 19(3), pages 358-376.
    • Handle: RePEc:uwp:jhriss:v:19:y:1984:i:3:p:358-376
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    Cited by:

    1. Rolf Aaberge & François Bourguignon & Andrea Brandolini & Francisco H. G. Ferreira & Janet C. Gornick & John Hills & Markus Jäntti & Stephen P. Jenkins & Eric Marlier & John Micklewright & Brian Nolan, 2017. "Tony Atkinson and his Legacy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63(3), pages 411-444, September.
    2. Carmen Aina & Cheti Nicoletti, 2014. "The intergenerational transmission of liberal professions: nepotism versus abilities," Discussion Papers 14/14, Department of Economics, University of York.
    3. Paul Gregg & Lindsey Macmillan & Claudia Vittori, 2015. "Nonlinear Estimation of Lifetime Intergenerational Economic Mobility and the Role of Education," DoQSS Working Papers 15-03, Quantitative Social Science - UCL Social Research Institute, University College London.
    4. Crawford, Claire & Macmillan, Lindsey & Vignoles, Anna F., 2015. "When and why do initially high attaining poor children fall behind?," LSE Research Online Documents on Economics 121535, London School of Economics and Political Science, LSE Library.
    5. Jo Blanden & Lindsey Macmillan, 2014. "Education and Intergenerational Mobility: Help or Hindrance?," CASE Papers case179, Centre for Analysis of Social Exclusion, LSE.
    6. Aina, Carmen & Nicoletti, Cheti, 2018. "The intergenerational transmission of liberal professions," Labour Economics, Elsevier, vol. 51(C), pages 108-120.
    7. Claire Crawford & Lindsey Macmillan & Anna Vignoles, 2015. "When and why do initially high attaining poor children fall behind?," DoQSS Working Papers 15-08, Quantitative Social Science - UCL Social Research Institute, University College London.
    8. Martin Nybom & Jan Stuhler, 2019. "Steady-state assumptions in intergenerational mobility research," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 17(1), pages 77-97, March.
    9. M Dolores Collado & Ignacio Ortuño-Ortín & Jan Stuhler, 2023. "Estimating Intergenerational and Assortative Processes in Extended Family Data," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(3), pages 1195-1227.
    10. repec:cep:spccrp:20 is not listed on IDEAS
    11. Jo Blanden & Lindsey Macmillan, 2014. "Education and Intergenerational Mobility: Help or Hindrance?," CASE Papers case179, Centre for Analysis of Social Exclusion, LSE.
    12. repec:cep:sticas:/179 is not listed on IDEAS
    13. Claire Crawford & Lindsey Macmillan & Anna Vignoles, 2015. "When and why do initially high attaining poor children fall behind?," DoQSS Working Papers 15-08, Quantitative Social Science - UCL Social Research Institute, University College London.
    14. Markus Jäntti & Dirk gaer, 2019. "Multidimensional analysis and mobility: special issue in homage to Tony Atkinson," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 17(1), pages 1-4, March.
    15. Paul Gregg & Lindsey Macmillan & Claudia Vittori, 2019. "Intergenerational income mobility: access to top jobs, the low-pay no-pay cycle and the role of education in a common framework," Journal of Population Economics, Springer;European Society for Population Economics, vol. 32(2), pages 501-528, April.
    16. Nybom, Martin & Stuhler, Jan, 2014. "Interpreting Trends in Intergenerational Mobility," Working Paper Series 3/2014, Stockholm University, Swedish Institute for Social Research.
    17. John Jerrim & Lindsey Macmillan, 2014. "Income inequality, intergenerational mobility and the Great Gatsby Curve: is education the key?," DoQSS Working Papers 14-18, Quantitative Social Science - UCL Social Research Institute, University College London.
    18. Hunjra, Ahmed Imran & Azam, Muhammad & Bruna, Maria Giuseppina & Verhoeven, Peter & Al-Faryan, Mamdouh Abdulaziz Saleh, 2022. "Sustainable development: The impact of political risk, macroeconomic policy uncertainty and ethnic conflict," International Review of Financial Analysis, Elsevier, vol. 84(C).
    19. Rolf Aaberge & François Bourguignon & Andrea Brandolini & Francisco H. G. Ferreira & Janet C. Gornick & John Hills & Markus Jäntti & Stephen P. Jenkins & Eric Marlier & John Micklewright & Brian Nolan, 2017. "Tony Atkinson and his Legacy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63(3), pages 411-444, September.
    20. Nicoletti, Cheti & Aina, Carmen, 2014. "The intergenerational mobility of liberal professions: nepotism versus abilities," ISER Working Paper Series 2014-39, Institute for Social and Economic Research.
    21. Nybom, Martin & Stuhler, Jan, 2013. "Interpreting Trends in Intergenerational Income Mobility," IZA Discussion Papers 7514, Institute of Labor Economics (IZA).

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