This paper analyses the role played by assortative mating to understand the intergenerational economic mobility in Spain. Since there are no Spanish surveys covering long-term information on both children and their fathers' earnings, we deal with this selection problem using the two-sample two-stage least square estimator.
We nd that assortative mating plays an important role in the intergenerational transmission process. Among married o spring, spouse's earnings appear to be just as elastic as the o spring's own earnings with respect to the parents' income.
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