Intergenerational mobility in Korea

Table 3 Sensitivity of intergenerational earnings elasticity

	Sample size	\(\hat {\rho }_{1}\)	Std. err
Baseline	675	0.386***	0.059
Panel A: role of occupation category
Occupation category
6	675	0.401***	0.062
5	675	0.407***	0.061
4	675	0.405***	0.061
Panel B: role of averaging for balanced sample
Period
2007–2008	483	0.426***	0.058
2006–2008	459	0.445***	0.057
2005–2008	410	0.471***	0.060
Panel C: predictor combination
Predictor
Industry	678	0.585***	0.105
Occupation	675	0.398***	0.074
Education	684	0.354***	0.076
Ind and occ	675	0.411***	0.063
Occ and edu	675	0.392***	0.065
Ind and edu	678	0.394***	0.065
Ind and occ and edu	675	0.386***	0.059

Notes: The baseline model uses industry, occupation, and education as predictors, and the age of the father-son sample is restricted to 35–50. Seven groups of occupation category are used, and standard errors are bootstrapped
***significant at the 1% level