The Steady-State Assumption and the Estimation of Distributional and Related Models

A-Tier
Journal: Journal of Human Resources
Year: 1984
Volume: 19
Issue: 3

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

There is considerable interest in the estimation of linear structural equation models (including path analysis) of the evolution across generations of the distribution of income, of socioeconomic achievement, and of related variables. Given insufficient data, the estimation of the models has commonly proceeded by making assumptions which reduce the data requirements. In particular, it has been assumed (often implicitly) that the distribution of the variables being studied is in steady-state. In this paper we examine the role of this assumption and argue the need for care in its use.

Technical Details

RePEc Handle
repec:uwp:jhriss:v:19:y:1984:i:3:p:358-376
Journal Field
Labor
Author Count
2
Added to Database
2026-01-24