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Intergenerational Correlation Curves: Evidence from PSID

William Nilsson

No 58, DEA Working Papers from Universitat de les Illes Balears, Departament d'Economía Aplicada

Abstract: Correlations curves are used to measure the degree of association of father’s and son’s earnings locally, i.e. at different positions in the earnings distributions. The local correlation is nonlinear, and can be very different from local elasticities from nonparametric, or quantile regression. Elasticities should not be used to measure the local degree of association.

Keywords: Intergenerational mobility; nonlinear; nonparametric; correlation curve (search for similar items in EconPapers)
JEL-codes: C14 D63 J62 (search for similar items in EconPapers)
Date: 2013
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