Sources of Income Persistence: Evidence from Rural El Salvador

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This paper uses a unique panel dataset (1995-2001) of rural El Salvador to investigate the main sources of the persistence and variability of incomes. We propose an econometric framework where a general dynamic panel model is validly reduced to a simple linear structure with a dynamic covariance str...

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Autores principales: Sosa Escudero, Walter, Marchionni, Mariana, Arias, Omar
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2006
Materias:
Ciencias Económicas
Income mobility
Poverty Traps
Panel Data
El Salvador
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/169310
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-169310
record_format dspace
spelling I19-R120-10915-1693102024-08-29T20:08:13Z http://sedici.unlp.edu.ar/handle/10915/169310 Sources of Income Persistence: Evidence from Rural El Salvador Sosa Escudero, Walter Marchionni, Mariana Arias, Omar 2006-11 2006 2024-08-29T17:13:24Z en Ciencias Económicas Income mobility Poverty Traps Panel Data El Salvador This paper uses a unique panel dataset (1995-2001) of rural El Salvador to investigate the main sources of the persistence and variability of incomes. We propose an econometric framework where a general dynamic panel model is validly reduced to a simple linear structure with a dynamic covariance structure, which augments considerably the number of degrees of freedom usually lost in the construction of instruments to estimate standard dynamic panel models. We find that life-cycle incomes are largely explained by the relatively time-invariant productive characteristics of families and their members such as education, public goods and other assets. Controlling for unobserved heterogeneity leaves little room for pure state dependence. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
Income mobility
Poverty Traps
Panel Data
El Salvador
spellingShingle Ciencias Económicas
Income mobility
Poverty Traps
Panel Data
El Salvador
Sosa Escudero, Walter
Marchionni, Mariana
Arias, Omar
Sources of Income Persistence: Evidence from Rural El Salvador
topic_facet Ciencias Económicas
Income mobility
Poverty Traps
Panel Data
El Salvador
description This paper uses a unique panel dataset (1995-2001) of rural El Salvador to investigate the main sources of the persistence and variability of incomes. We propose an econometric framework where a general dynamic panel model is validly reduced to a simple linear structure with a dynamic covariance structure, which augments considerably the number of degrees of freedom usually lost in the construction of instruments to estimate standard dynamic panel models. We find that life-cycle incomes are largely explained by the relatively time-invariant productive characteristics of families and their members such as education, public goods and other assets. Controlling for unobserved heterogeneity leaves little room for pure state dependence.
format Objeto de conferencia
Objeto de conferencia
author Sosa Escudero, Walter
Marchionni, Mariana
Arias, Omar
author_facet Sosa Escudero, Walter
Marchionni, Mariana
Arias, Omar
author_sort Sosa Escudero, Walter
title Sources of Income Persistence: Evidence from Rural El Salvador
title_short Sources of Income Persistence: Evidence from Rural El Salvador
title_full Sources of Income Persistence: Evidence from Rural El Salvador
title_fullStr Sources of Income Persistence: Evidence from Rural El Salvador
title_full_unstemmed Sources of Income Persistence: Evidence from Rural El Salvador
title_sort sources of income persistence: evidence from rural el salvador
publishDate 2006
url http://sedici.unlp.edu.ar/handle/10915/169310
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AT marchionnimariana sourcesofincomepersistenceevidencefromruralelsalvador
AT ariasomar sourcesofincomepersistenceevidencefromruralelsalvador
_version_ 1809234763480825856

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