Reconsidering the Use of Nonlinearities in Intergenerational Earnings Mobility as a Test for Credit Constraints.
Intergenerational earnings regression among Canadian men is nonlinear; middle-earning families experience slower regression. This pattern appears to confirm economic models of educational choice with credit constraints. This paper reexamines the economic model and finds no connection between credit...
| Publicado en: | Journal of Human Resources Vol. 39; no. 3; pp. 813 - 828 |
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| Formato: | Artículo |
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University of Wisconsin Press
Summer2004
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=507921136&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507921136 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0022166X JHR jtl: Journal of Human Resources issn: 0022166X maglogo: N pubinfo: dt: Summer2004 vid: 39 iid: 3 pid: 249 pub: University of Wisconsin Press artinfo: ui: 507921136 10.2307/3558998 ppf: 813 ppct: 15 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.8MB tig: atl: Reconsidering the Use of Nonlinearities in Intergenerational Earnings Mobility as a Test for Credit Constraints. aug: au: Grawe, Nathan D. su: Education & economics Credit Mathematical finance Intergenerational relations Economics Wages Canada sug: subj: Canada Education & economics Credit Mathematical finance Intergenerational relations Economics Wages ab: Intergenerational earnings regression among Canadian men is nonlinear; middle-earning families experience slower regression. This pattern appears to confirm economic models of educational choice with credit constraints. This paper reexamines the economic model and finds no connection between credit markets and earnings regression nonlinearities. In particular, credit constraints need not produce concavity and concavity does not imply credit market failure. Despite the invalidity of the test, data availability will likely lead to continued research along this path. The paper proposes an amended test using quantile regressions. Applied to Canadian data, the simple liquidity constraint conclusion is rejected. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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