Earnings dynamics and intergenerational transmission of skill / by Lance Lochner and Youngmin Park. : FB3-5/2020-46E-PDF
"This paper develops and estimates a two-factor model of intergenerational skill transmission when earnings inequality reflects differences in individual skills and other non-skill shocks. We consider heterogeneity in both initial skills and skill growth rates, allowing variation in skill growth to change over the lifecycle. Using administrative tax data on two linked generations of Canadians covering 37 years, we exploit covariances in log earnings (at different ages) both across and within generations to identify and estimate the intergenerational correlation structure for initial skills and skill growth rates, lifecycle skill growth profiles, and the dynamics of non-skill earnings shocks"--Abstract, page ii.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.893360&sl=1
| Ministère/Organisme | Bank of Canada, issuing body. |
|---|---|
| Titre | Earnings dynamics and intergenerational transmission of skill / by Lance Lochner and Youngmin Park. |
| Titre de la série | Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-46 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | "Last updated: November 4, 2020." Includes bibliographical references (pages 35-38). |
| Information sur la publication | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 |
| Auteur / Contributeur | Lochner, Lance, author. |
| Description | 1 online resource (ii, 56 pages) : colour illustrations. |
| Numéro de catalogue |
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| Descripteurs | Vocational qualifications -- Canada -- Econometric models. Intergenerational relations -- Canada -- Econometric models. Wages -- Canada -- Econometric models. Qualifications professionnelles -- Canada -- Modèles économétriques. Relations entre générations -- Canada -- Modèles économétriques. Salaires -- Canada -- Modèles économétriques. |