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Life-Cycle Bias and the Returns to Schooling in Current and Lifetime Earnings
returns to schooling life-cycle bias lifetime earnings current earnings errors-in-variables model
2012/10/26
This paper uses a unique data set with nearly career-long earnings histories to provide evidence on the returns to schooling in current and lifetime earnings. We use these results to assess the import...
Heterogeneous Income Profiles and Life-Cycle Bias in Intergenerational Mobility Estimation
intergenerational mobility intergener ational income elasticity life-cycle bias non-classical measurement error generalized errors-in-variables model heterogeneous income profiles
2012/10/30
Research on intergenerational income mobility is based on current income since data on lifetime income are typically not available for two generations. However, using snapshots of income over shorter ...