TY - JOUR
T1 - What is the source of the intergenerational correlation in earnings? A comment
AU - Boar, Corina
N1 - Publisher Copyright:
© 2022 Elsevier B.V.
PY - 2022/7
Y1 - 2022/7
N2 - Gayle et al. (2022) study the sources of intergenerational persistence in earnings using a structural model estimated with data from the Panel Study of Income Dynamics. In the model, altruistic parents choose whether to have children or not, how much time to spend with their children and how much time to work, as well as how much to consume. Earnings in the labor market depend on observable characteristics of individuals, as well as parents’ education, ability, income and time investments. The estimated model predicts that nurture explains between 60 and 70% of intergenerational persistence, with a large role for labor market effects.
AB - Gayle et al. (2022) study the sources of intergenerational persistence in earnings using a structural model estimated with data from the Panel Study of Income Dynamics. In the model, altruistic parents choose whether to have children or not, how much time to spend with their children and how much time to work, as well as how much to consume. Earnings in the labor market depend on observable characteristics of individuals, as well as parents’ education, ability, income and time investments. The estimated model predicts that nurture explains between 60 and 70% of intergenerational persistence, with a large role for labor market effects.
KW - Earnings
KW - Intergenerational mobility
KW - Labor supply
UR - http://www.scopus.com/inward/record.url?scp=85127918165&partnerID=8YFLogxK
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U2 - 10.1016/j.jmoneco.2022.03.008
DO - 10.1016/j.jmoneco.2022.03.008
M3 - Article
AN - SCOPUS:85127918165
SN - 0304-3932
VL - 129
SP - 46
EP - 48
JO - Journal of Monetary Economics
JF - Journal of Monetary Economics
ER -