Intergenerational Well-Being Mobility in Europe

18 Pages Posted: 18 Apr 2011

See all articles by Jos Alberto Molina

Jos Alberto Molina

University of Zaragoza

Maria Navarro

Lancaster University - Department of Economics

Ian Walker

Lancaster University

Date Written: April 1, 2011

Abstract

This paper provides evidence of the intergenerational mobility of economic wellbeing for the countries of the EU-15. We deal with the potential endogeneity of the transmission parameter by exploiting the presence of heteroskedasticity in a cross-sectional setting, using rank-order IV and conditional second moments estimation. OLS and panel (Fixed Effects and First Differences) models are also estimated, providing the upper and lower bounds for the true causal effect, not only for fathers and sons, but also for fathers and daughters, mothers and sons and mothers and daughters, in each of the sample countries. Our findings suggest that income well-being is much more persistent across generations in Southern European countries than in Finland, Denmark, the Netherlands and the UK.

Suggested Citation

Molina, Jose Alberto and Navarro, Maria and Walker, Ian, Intergenerational Well-Being Mobility in Europe (April 1, 2011). Kyklos, Vol. 64, No. 2, pp. 253-270, 2011, Available at SSRN: https://ssrn.com/abstract=1810263 or http://dx.doi.org/10.1111/j.1467-6435.2011.00505.x

Jose Alberto Molina (Contact Author)

University of Zaragoza ( email )

Gran Via 2
Zaragoza, 50005
Spain

Maria Navarro

Lancaster University - Department of Economics ( email )

Lancaster University Management School
LA1 4YX

Ian Walker

Lancaster University ( email )

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