Parents and Children : Changes in Income Distribution and the Inheritance of Economic Status
Using a US sample of parents and children, we examine income distribution in two generations. We find that the mean of the children's distribution is higher than that of parents', but incomes were more equally distributed in the lower deciles of the latter distribution. Groups of children raised in richer families have higher average incomes and lower risks of being poor, but they also exhibit higher income variances than children of poorer origins. This latter result is used to investigate the performance of weighted least squares estimators of income transmission equations. Adjusting the data for heteroscedasticity, income inheritance is found to be more intense, and the goodness of fit of the estimated model is substantially improved over the results of the constant variance framework.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Aug 1997|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: ++41 21 692.33.64
Fax: ++41 21 692.33.05
Web page: http://www.hec.unil.ch/deep/publications/cahiers/seriesEmail:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:lau:crdeep:9706. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudine Delapierre Saudan)
If references are entirely missing, you can add them using this form.