Employment prospects across generations and the intergenerational persistence of earnings
研究了父辈就业状况如何影响子代就业概率,进而解释收入代际持续性的成因。基于英国数据发现,父亲就业使子代就业概率高8个百分点,这解释了收入代际持续性的9%。
Abstract We study how the correlation of employment across generations affects the intergenerational persistence of earnings in a simple model of labor market transitions and human capital accumulation. Using data from the United Kingdom, we first document that individuals whose father is employed have an 8 percentage points higher probability of being employed, driven by a 50 percent higher job‐finding probability. We do not find similar patterns for job‐separation probabilities. Calibrating our model to match these patterns, we find that the estimated job‐finding probability differentials can account for up to 9 percent of the intergenerational persistence of earnings.