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Title: Relationships Among the Family Incomes and Labor Market Outcomes of Relatives
Resulting in 1 citation.
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Altonji, Joseph G. Dunn, Thomas Albert |
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Relationships Among the Family Incomes and Labor Market Outcomes of Relatives Research in Labor Economics 12 (1991): 269-310. Also: http://www.econ.yale.edu/~jga22/website/research_papers/altonji_dunn.pdf Cohort(s): Mature Women, Older Men, Young Men, Young Women Publisher: JAI Press, Inc. Keyword(s): Collective Bargaining; Earnings; Family Income; Fathers; Income; Intergenerational Patterns/Transmission; Job Productivity; Labor Market Outcomes; Mothers; Pairs (also see Siblings); Sons This paper examines the links between the labor market outcomes of individuals who are related by blood or by marriage using panel data on pairs of matched family members from the NLS. The authors examine the intergenerational and sibling correlations among a broad set of labor market variables using time average, method of moments, and regression techniques designed to reduce the biases introduced by transitory and measurement errors. They also show that family data can be exploited to investigate theories of job turnover, labor supply, and the industry structure of wages. The primary findings follow. First, there are strong correlations between the family incomes of relatives. The method of moments estimates are .38 for brother pairs, .73 for sister pairs, and .56 for brother-sister pairs. The intergenerational family income correlations are .36 for father-son pairs, .48 for father-daughter pair, and .56 for mother-daughter and mother-son pairs. These estimates, except for the father-son result, are large compared to those in the literature for the U.S. Second, strong correlations were found in the wages and earnings of relatives. Wage correlations vary around .40 for all family member pairs, and earnings correlations vary around .35. Work hours of family members of the same sex are also fairly strongly related. Fourth, strong correlations were found in the earnings of "in-laws" that may support a theory of assortive mating in which parental earnings have value. Also provided was evidence that job turnover rates depend on family characteristics and are negatively correlated with labor market productivity. Further, it was shown that young men whose fathers work in high wage industries tend themselves to work in high wage industries and that a father's collective bargaining coverage has a strong positive influence on his son's collective bargaining status. |
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Bibliography Citation
Altonji, Joseph G. and Thomas Albert Dunn. "Relationships Among the Family Incomes and Labor Market Outcomes of Relatives." Research in Labor Economics 12 (1991): 269-310.
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