What expected percent difference in wages between children
Problem
Suppose household 1 earns $40,265 and household 2 earns $56,078, and that the intergenerational correlation of earnings is 0.63. What is the expected percent difference in wages between children?
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Suppose household 1 earns $40,265 and household 2 earns $56,078. What is the expected percent difference in wages between children?
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