Family background and economic status in Finland

A1 Journal article (refereed)


Internal Authors/Editors


Publication Details

List of Authors: Eva Österbacka
Publisher: BLACKWELL PUBL LTD
Publication year: 2001
Journal: Scandinavian Journal of Economics
Journal acronym: SCAND J ECON
Volume number: 103
Issue number: 3
Start page: 467
End page: 484
Number of pages: 18
ISSN: 0347-0520


Abstract

The importance of family background for economic outcomes is analyzed, using a Finnish data set. The estimates for intergenerational and sibling correlations in earnings are comparatively low. By estimating the magnitude of family influence conditional on parental earnings, children with poor parents are found to have lower intergenerational. elasticities, while the sibling resemblance is higher. Children with rich parents have higher intergenerational elasticities and the sibling resemblance is also higher, except for daughters. The results also indicate that the largest share of the intergenerational correlation is transmitted through observed characteristics, such as education and, in particulars occupation.


Keywords

correlation in earnings, intermediating factors, non-linearities

Last updated on 2019-12-11 at 04:08