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Fixed Effects, Invariance, and Spatial Variation in Intergenerational Mobility

Author

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  • Gary Chamberlain

Abstract

Chetty et al. (2014) document variation across commuting zones in intergenerational mobility. With over 700 commuting zones, the task of estimating place effects involves a high-dimension parameter space. I develop a fixed-effects model along with an oracle bound on the risk of invariant estimators. The oracle estimator uses an invariant prior, which I have incorporated into a random-effects model to obtain a feasible estimator. This estimator almost achieves the oracle bound over the relevant part of the (fixed-effects) parameter space in the empirical application. There is substantial reduction in risk compared with the least-squares estimator.

Suggested Citation

  • Gary Chamberlain, 2016. "Fixed Effects, Invariance, and Spatial Variation in Intergenerational Mobility," American Economic Review, American Economic Association, vol. 106(5), pages 400-404, May.
  • Handle: RePEc:aea:aecrev:v:106:y:2016:i:5:p:400-404
    Note: DOI: 10.1257/aer.p20161082
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    Cited by:

    1. Orhan Torul & Oguz Oztunali, 2017. "Intergenerational Educational Mobility in Europe," Working Papers 2017/03, Bogazici University, Department of Economics.

    More about this item

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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