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Working Paper
Earnings Dynamics and Its Intergenerational Transmission: Evidence from Norway
Using administrative data from Norway, we first present stylized facts on labor earnings dynamics between 1993 and 2017 and its heterogeneity across narrow population groups. We then investigate the parents’ role in children’s income dynamics—the intergenerational transmission of income dynamics. We find that children of high-income, high-wealth fathers enjoy steeper income growth over the life cycle and face more volatile but more positively skewed income changes, suggesting that they are more likely to pursue high-return, high-risk careers. Children of poorer fathers also face more ...
Working Paper
Earnings Dynamics and Its Intergenerational Transmission: Evidence from Norway
Using administrative data, we provide an extensive characterization of labor earnings dynamics in Norway. Some of our findings are as follows. (i) Norway has not been immune to the increase in top earnings inequality seen in other countries. (ii) The earnings distribution compresses in the bottom 90% over the life cycle but expands in the top 10%. (iii) The earnings growth distribution is left skewed and leptokurtic, and the extent of these nonnormalities varies with age and past income. Linking individuals to their parents, we also investigate the intergenerational transmission of income ...