Suppose two households earn $40,000 and $56,000 respectively. What is the expected percent difference in wages between

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Suppose two households earn $40,000 and $56,000 respectively. What is the expected percent difference in wages between the children, grandchildren, and great-grandchildren of the two households if the intergenerational correlation of earnings is 0.2, 0.4, or 0.6?
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Labor Economics

ISBN: 978-0073523200

6th edition

Authors: George J. Borjas

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