Life‐Cycle Variations in the Association between Current and Lifetime Income: Replication and Extension for Sweden
利用瑞典收入税数据，估计当前收入与终身收入的关联，发现强生命周期模式，说明用当前收入代理终身收入会导致估计偏差，并比较了瑞典与美国男性的相似性及性别、队列差异。
We apply Haider and Solon's generalized errors-in-variables model to Swedish income tax data to produce estimates of the association between current and lifetime income. Our estimates demonstrate strong life-cycle patterns. This implies that the widespread use of current income as a proxy for lifetime income leads to inconsistent parameter estimates (i.e., life-cycle bias) even when the proxy is used as the dependent variable. Estimates for comparable cohorts of Swedish and American men demonstrate surprising similarities. There are, however, significant gender and cohort differences in this association that lead to statistically significant and quantitatively meaningful differences in life-cycle biases.