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Moving Towards Estimating Sons' Lifetime Intergenerational Economic Mobility in the UK

Gregg, P; Macmillan, LA; Vittori, C; (2017) Moving Towards Estimating Sons' Lifetime Intergenerational Economic Mobility in the UK. Oxford Bulletin of Economics and Statistics , 79 (1) pp. 79-100. 10.1111/obes.12146. Green open access

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Abstract

Estimates of intergenerational economic mobility that use point in time measures of income and earnings suffer from lifecycle and attenuation bias. They also suffer from sample selection issues and further bias driven by spells out of work. We consider these issues together for UK data, the National Child Development Study and British Cohort Study, for the first time. When all three biases are considered, our best estimate of lifetime intergenerational economic persistence in the UK is 0.43 for children born in 1970. Whilst we argue that this is the best available estimate to date, we discuss why there is good reason to believe that this is still a lower bound, owing to residual attenuation bias.

Type: Article
Title: Moving Towards Estimating Sons' Lifetime Intergenerational Economic Mobility in the UK
Open access status: An open access version is available from UCL Discovery
DOI: 10.1111/obes.12146
Publisher version: http://dx.doi.org/10.1111/obes.12146
Language: English
Additional information: Copyright © 2016 The Authors. Oxford Bulletin of Economics and Statistics published by Oxford University and JohnWiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License (CC BY 4.0) (https://creativecommons.org/licenses/by/4.0/), which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Learning and Leadership
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Learning and Leadership > Centre for Education Policy and Equalising Opportunities
URI: https://discovery.ucl.ac.uk/id/eprint/1503906
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