Add to ORKGWe consider the problem of estimating the intergenerational correlation of incomes in the context of a panel data framework with measurement errors. We present single equation estimation methods as well as system methods under various assumptions regarding the serial correlation of the error term and taking into account possible correlations among children of the same family. Application to a sample of US parents and children leads to estimates of the order of 0.42 to 0.60 for the coefficient of income transmission.intergenerational mobility; panel data; errors in variables
We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 sub...
Many models in the economics literature deal with strategic situations with privately informed agent...
The phenomenon of electronic commerce has led to a proliferation of web sites competing for the atte...
When asymmetry or non-verifiability of information, or non- excludability of users, makes contracts ...
Should international trade agreements be extended to include negotiations over environmental policy?...
In this paper we analyze in what way the demand generated by dynamic hedging strategies affects the ...
We show that there is no formal statistical testing method to combine categories in a standard order...
This paper develops a small open economy model in which domestic resource shocks play a vital role i...
We consider one of the basic results of functional analysis, the classical theorem of Hahn-Banach. T...
The probability of income loss depends on talent and effort. Effort has positive externalities and t...
This paper studies the equilibrating process of several implementation mechanisms using naive adapti...
AMS classifications: 62F15, 60E05.Posterior distribution;Scale invariance;Scale model;Regression mod...
This paper studies the effects of agent heterogeneity on optimal capital income tax rates. In a two ...
Organizations often face the challenge of communicating their strategies to local decision makers. T...
A variety of crop revenue insurance programs is now available. These programs require measurement of...
We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 sub...
Many models in the economics literature deal with strategic situations with privately informed agent...
The phenomenon of electronic commerce has led to a proliferation of web sites competing for the atte...
When asymmetry or non-verifiability of information, or non- excludability of users, makes contracts ...
Should international trade agreements be extended to include negotiations over environmental policy?...
In this paper we analyze in what way the demand generated by dynamic hedging strategies affects the ...
We show that there is no formal statistical testing method to combine categories in a standard order...
This paper develops a small open economy model in which domestic resource shocks play a vital role i...
We consider one of the basic results of functional analysis, the classical theorem of Hahn-Banach. T...
The probability of income loss depends on talent and effort. Effort has positive externalities and t...
This paper studies the equilibrating process of several implementation mechanisms using naive adapti...
AMS classifications: 62F15, 60E05.Posterior distribution;Scale invariance;Scale model;Regression mod...
This paper studies the effects of agent heterogeneity on optimal capital income tax rates. In a two ...
Organizations often face the challenge of communicating their strategies to local decision makers. T...
A variety of crop revenue insurance programs is now available. These programs require measurement of...
We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 sub...
Many models in the economics literature deal with strategic situations with privately informed agent...
The phenomenon of electronic commerce has led to a proliferation of web sites competing for the atte...