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Earnings Comparisons between Generations: Some Alternative Approaches


  • Creedy, John


This paper examines alternative procedures for estimating Galtonian "regression towards the mean" in the earnings of fathers and sons. A simple life-cycle adjustment, based on an age-earnings profile, is inadequate because of the variation in ages and the fact that the dispersion varies with age. The use of standardized earnings is recommended. When information about earnings profiles for occupations is available, the use of earnings adjusted to a common age is explored, along with the use of an estimate of "lifetime earnings." In each case, differences between cross-sectional and cohort earnings profiles are examined. The alternative approaches are illustrated using data from A. L. Bowley's Measurement of Social Phenomena. Copyright 1988 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Creedy, John, 1988. "Earnings Comparisons between Generations: Some Alternative Approaches," The Manchester School of Economic & Social Studies, University of Manchester, vol. 56(3), pages 268-281, September.
  • Handle: RePEc:bla:manch2:v:56:y:1988:i:3:p:268-81

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    References listed on IDEAS

    1. F. Giavazzi & L. Spaventa, 1990. "The "New" EMS," Working Papers 86, Dipartimento Scienze Economiche, Universita' di Bologna.
    2. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, January.
    3. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
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    Cited by:

    1. Sloane, Peter J. & Gazioglu, Saziye, 1996. "Immigration and occupational status: A study of Bangladeshi and Turkish fathers and sons in the London labour market," Labour Economics, Elsevier, vol. 3(4), pages 399-424, December.
    2. Corak, Miles, 2006. "Do Poor Children Become Poor Adults? Lessons from a Cross Country Comparison of Generational Earnings Mobility," IZA Discussion Papers 1993, Institute for the Study of Labor (IZA).

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