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Relationships Among the Family Incomes and Labor Market Outcomes of Relatives

Relationships Among the Family Incomes and Labor Market Outcomes of Relatives PDF Author: Joseph G. Altonji
Publisher:
ISBN:
Category : Families
Languages : en
Pages : 92

Book Description
This paper examines the links between the labor market outcomes of individuals who are related by blood or by marriage using panel data on pairs of matched family members from the National Longitudinal Survey of Labor Market Experience. We examine the intergenerational and sibling correlations among a broad set of labor market variables using time average, method of moments and regression techniques designed to reduce the biases introduced by transitory and measurement errors. We also show that family data can be exploited to investigate theories of job turnover, labor supply. and the industry structure of wages. Our primary findings follow. First, there are strong correlations between the family incomes of relatives. Our method of moments estimates are .38 for brother pairs, .73 for sister pairs. and .56 for brother-sister pairs. The intergenerational family income correlations are .36 for father-son pairs, .48 for father-daughter pairs, and .56 for both mother-son and mother-daughter pairs. These estimates. except for the father-son result, are large compared to those in the literature for the U.S. Second, we find strong correlations in the wages and earnings of relatives. Wage correlations vary around .40 for all family member pairs, and earnings correlations vary around .35. Work hours of family members of the same sex are also fairly strongly related. Fourth, we find strong correlations in the earnings of "in-laws" that may support a theory of assortive mating in which parental earnings have value. We also provide evidence that job turnover rates depend on family characteristics and are negatively correlated with labor market productivity. Further, we show that young men whose fathers work in high wage industries tend themselves to work in high wage industries. Lastly, we find that a father's collective bargaining coverage has a strong positive influence on his son's collective bargaining status

Relationships Among the Family Incomes and Labor Market Outcomes of Relatives

Relationships Among the Family Incomes and Labor Market Outcomes of Relatives PDF Author: Joseph G. Altonji
Publisher:
ISBN:
Category : Families
Languages : en
Pages : 92

Book Description
This paper examines the links between the labor market outcomes of individuals who are related by blood or by marriage using panel data on pairs of matched family members from the National Longitudinal Survey of Labor Market Experience. We examine the intergenerational and sibling correlations among a broad set of labor market variables using time average, method of moments and regression techniques designed to reduce the biases introduced by transitory and measurement errors. We also show that family data can be exploited to investigate theories of job turnover, labor supply. and the industry structure of wages. Our primary findings follow. First, there are strong correlations between the family incomes of relatives. Our method of moments estimates are .38 for brother pairs, .73 for sister pairs. and .56 for brother-sister pairs. The intergenerational family income correlations are .36 for father-son pairs, .48 for father-daughter pairs, and .56 for both mother-son and mother-daughter pairs. These estimates. except for the father-son result, are large compared to those in the literature for the U.S. Second, we find strong correlations in the wages and earnings of relatives. Wage correlations vary around .40 for all family member pairs, and earnings correlations vary around .35. Work hours of family members of the same sex are also fairly strongly related. Fourth, we find strong correlations in the earnings of "in-laws" that may support a theory of assortive mating in which parental earnings have value. We also provide evidence that job turnover rates depend on family characteristics and are negatively correlated with labor market productivity. Further, we show that young men whose fathers work in high wage industries tend themselves to work in high wage industries. Lastly, we find that a father's collective bargaining coverage has a strong positive influence on his son's collective bargaining status

Relationships among the family incomes and labor market outcomes of relatives

Relationships among the family incomes and labor market outcomes of relatives PDF Author: Joseph Altonji
Publisher:
ISBN:
Category :
Languages : es
Pages : 69

Book Description


Women¿s Labor Market Involvement and Family Income Mobility When Marriages End

Women¿s Labor Market Involvement and Family Income Mobility When Marriages End PDF Author: Katharine Bradbury
Publisher: DIANE Publishing
ISBN: 1437902901
Category : Business & Economics
Languages : en
Pages : 34

Book Description
Examines three decades of data on the relationship between women¿s labor market activity and the income mobility of families that lose a spouse through death, divorce, or separation. Wives¿ labor market activity acts as partial insurance for women and their families against the negative economic consequences of marital dissolution. However, while women who lose their husbands increase their earnings significantly, the number of upwardly mobile families is quite small, and a majority of families actually move down. In addition, they do less well in successive decades. These findings imply that U.S. social and economic policies currently leave considerable gaps in ¿insurance¿ for families in the event of marital dissolution. Tables and graphs.

Final Report, Family Background and Labor Market Outcomes

Final Report, Family Background and Labor Market Outcomes PDF Author: Joseph G. Altonji
Publisher:
ISBN:
Category : Families
Languages : en
Pages : 192

Book Description


35th Anniversary Retrospective

35th Anniversary Retrospective PDF Author: Konstantinos Tatsiramos
Publisher: Emerald Group Publishing
ISBN: 1781902194
Category : Business & Economics
Languages : en
Pages : 861

Book Description
To commemorate Research in Labor Economics s 35th anniversary, this retrospective edition contains 20 of the most influential Research in Labor Economics articles along with new introductory prefatory updates written by the original authors.

Handbook of Development Economics

Handbook of Development Economics PDF Author: Hollis Burnley Chenery
Publisher: Elsevier
ISBN: 9780444823014
Category : Business & Economics
Languages : en
Pages : 784

Book Description
Handbooks of development economics/ edit. Chenery.-v.1.

Foundations of Migration Economics

Foundations of Migration Economics PDF Author: George J. Borjas
Publisher: Oxford University Press
ISBN: 019878807X
Category : Business & Economics
Languages : en
Pages : 721

Book Description
The book presents research papers published over the past four decades by leading economists George J. Borjas and Barry R. Chiswick on the economics of international migration.

Handbook of Income Distribution

Handbook of Income Distribution PDF Author: Anthony B. Atkinson
Publisher: Elsevier
ISBN: 0444594760
Category : Social Science
Languages : en
Pages : 2366

Book Description
What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment. The volumes define and organize key areas of income distribution studies Contributors focus on identifying newly developing questions and opportunities for future research The authoritative articles emphasize the ways that income mobility and inequality studies have recently gained greater political significance

Growing Income Inequalities

Growing Income Inequalities PDF Author: J. Hellier
Publisher: Springer
ISBN: 1137283300
Category : Business & Economics
Languages : en
Pages : 335

Book Description
This book explores the widening gap between the wage packets of skilled and unskilled workers that has become a pressing issue for all states in the globalized world economy. Comparing the experiences of more and less developed economies, chapters analyse the underlying causes and key social changes that accompany income inequality.

Unequal Chances

Unequal Chances PDF Author: Samuel Bowles
Publisher: Princeton University Press
ISBN: 1400835496
Category : Social Science
Languages : en
Pages : 315

Book Description
Is the United States "the land of equal opportunity" or is the playing field tilted in favor of those whose parents are wealthy, well educated, and white? If family background is important in getting ahead, why? And if the processes that transmit economic status from parent to child are unfair, could public policy address the problem? Unequal Chances provides new answers to these questions by leading economists, sociologists, biologists, behavioral geneticists, and philosophers. New estimates show that intergenerational inequality in the United States is far greater than was previously thought. Moreover, while the inheritance of wealth and the better schooling typically enjoyed by the children of the well-to-do contribute to this process, these two standard explanations fail to explain the extent of intergenerational status transmission. The genetic inheritance of IQ is even less important. Instead, parent-offspring similarities in personality and behavior may play an important role. Race contributes to the process, and the intergenerational mobility patterns of African Americans and European Americans differ substantially. Following the editors' introduction are chapters by Greg Duncan, Ariel Kalil, Susan E. Mayer, Robin Tepper, and Monique R. Payne; Bhashkar Mazumder; David J. Harding, Christopher Jencks, Leonard M. Lopoo, and Susan E. Mayer; Anders Björklund, Markus Jäntti, and Gary Solon; Tom Hertz; John C. Loehlin; Melissa Osborne Groves; Marcus W. Feldman, Shuzhuo Li, Nan Li, Shripad Tuljapurkar, and Xiaoyi Jin; and Adam Swift.