3 ms·

I think it's already well proven that parents' income is highly correlated with childrens' income, for a variety of reasons. It's pretty safe to use them interc

I think it's already well proven that parents' income is highly correlated with childrens' income, for a variety of reasons. It's pretty safe to use them interchangeably

xapata 8y ago
Not if you're trying to identify the effect of a child's willpower on the child's future income. Gotta control for those confounders and prevent endogeneity.