Three essays on intergenerational income mobility
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- Tez No: 400263
- Danışmanlar: SCOTT DREWİANKA
- Tez Türü: Doktora
- Konular: Ekonomi, Economics
- Anahtar Kelimeler: Belirtilmemiş.
- Yıl: 2009
- Dil: İngilizce
- Üniversite: University of Wisconsin-Milwaukee
- Enstitü: Yurtdışı Enstitü
- Ana Bilim Dalı: Ekonomi Ana Bilim Dalı
- Bilim Dalı: Belirtilmemiş.
- Sayfa Sayısı: 116
Özet
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Özet (Çeviri)
This dissertation contains empirical research on intergenerational income mobility. Theessays are divided by chapter and are summarized below.Chapter I: We investigate the influence of long-term unemployment onintergenerational earnings mobility among men. We defend our definition of the longtermunemployed as those who have zero annual earnings despite labor forceparticipation and emphasize that previous studies have routinely excluded these workers.When this relatively small group is included, estimates of intergenerational mobility dropsubstantially. Moreover, while both earnings when working and spells of long-termunemployment are correlated across generations, the large drop we identify is mainlydriven by the latter.Chapter II: In the intergenerational mobility literature, researchers use twodifferent variables, family income and earnings. In addition, researchers use the averagecurrent income as a proxy for lifetime incomes. My results show that averaging hasdifferent effects according to the variable that we use. According to estimates,intergenerational earnings elasticity is larger than intergenerational family incomeelasticity. Furthermore, incorporating more years under study reduces estimates ofintergenerational family income elasticity but increases estimates of intergenerationalearnings elasticity. For the US, the intergenerational family income elasticity is around0.4, but the intergenerational earnings elasticity is greater than 0.6.Chapter III: We use a method of decomposition to examine the extent to which theparental income effects on marriage decisions contribute to the overall intergenerationaltransmission of family income. We find evidence suggesting that parents' income indirectlyaffects the sons' decisions of whom and whether to marry by affecting his earnings, which inturn affect his marriage decisions. Our decomposition allows us to view intergenerationalincome elasticity as the sum of five components, four of which are the direct and indirecteffects of parental income on sons' decisions of whether and whom to marry. Our resultsindicate that the overall transmission of income from parents to sons is mainly a result of thestrong positive correlation between parents' income and sons' earnings. Although notinsignificant, the role played by marriage in the transmission of income is relatively small.
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