The Effect of Family Background on Economic Status: A Longitudinal Analysis of Sibling Correlations [report]

Gary Solon, Mary Corcoran, Roger Gordon, Deborah Laren
1987 unpublished
Numerous previous studies have used sibling correlations to measure the importance of family background as a determinant of economic status. These studies. however, have been biased by several flaws: failure to separate permanent from transitory status variation (including that from measurement error). failure to account for life-cycle stage. and overly homogeneous samples. This paper presents a methodology to address these problems and applies it to longitudinal data from the Panel Study of
more » ... e Panel Study of Income Dynamics. Our main conclusion is that family background appears to exert greater influence on economic status than has been indicated by earlier research.
doi:10.3386/w2282 fatcat:jc4akpbwbzbhbpyqlhe27kz6pm