On the variability of income within and across generations
We examine the association of income variability both within and across generations based on a heterogeneous growth model of permanent and transitory income in Sweden. Non-parametric regressions reveal that income variability is strongly associated with long-run levels of income, especially for low- and high income earners, and that it is also strongly associated across generations.
|Date of creation:||08 Feb 2012|
|Date of revision:|
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