Keyword search
Filter results by
Search HelpKeyword(s)
Results
All (1)
All (1) ((1 result))
- Articles and reports: 11F0019M2001158Geography: CanadaDescription:
Several recent papers have cited non-linearities in the relationship between incomes of parents and their children as evidence of important intergenerational credit constraints. This paper argues that any pattern in the conditional expectation function can be justified by a properly constructed story with credit constraints. This raises questions about the validity of the approach. Quantile regressions provide an alternative test. Using data from Canadian tax files, this paper finds results contrary to the credit constraints hypothesis; the non-linearities in the regression function are driven by the low-ability (unconstrained) sons rather than high-ability (presumably constrained) sons.
Release date: 2001-01-30
Data (0)
Data (0) (0 results)
No content available at this time.
Analysis (1)
Analysis (1) ((1 result))
- Articles and reports: 11F0019M2001158Geography: CanadaDescription:
Several recent papers have cited non-linearities in the relationship between incomes of parents and their children as evidence of important intergenerational credit constraints. This paper argues that any pattern in the conditional expectation function can be justified by a properly constructed story with credit constraints. This raises questions about the validity of the approach. Quantile regressions provide an alternative test. Using data from Canadian tax files, this paper finds results contrary to the credit constraints hypothesis; the non-linearities in the regression function are driven by the low-ability (unconstrained) sons rather than high-ability (presumably constrained) sons.
Release date: 2001-01-30
Reference (0)
Reference (0) (0 results)
No content available at this time.
- Date modified: