RT Journal Article SR Electronic T1 Biases in Standard Measures of Intergenerational Income Dependence JF Journal of Human Resources JO J Hum Resour FD University of Wisconsin Press SP 800 OP 825 DO 10.3368/jhr.52.3.0715-7290R VO 52 IS 3 A1 Nybom, Martin A1 Stuhler, Jan YR 2017 UL http://jhr.uwpress.org/content/52/3/800.abstract AB Estimates of the most common mobility measure, the intergenerational elasticity, can be severely biased if snapshots are used to approximate lifetime income. However, little is known about biases in other popular dependence measures. Using long Swedish income series, we provide such evidence for log-linear and rank correlations, and rank-based transition probabilities. Attenuation bias is considerably weaker in rank-based measures. Life-cycle bias is strongest in the elasticity, moderate in log-linear correlations, and small in rank-based measures. However, there are important exceptions: persistence in the tails of the distribution is considerably higher and long-distance downward mobility lower than estimates from short-run income suggest.