Table 6

Summary of Cohort Differences, Averages over Ages 31–35

Cohort GroupEmbedded ImageEmbedded ImageEmbedded ImageEmbedded ImageEmbedded ImageEmbedded Image in percentN
1958–601.071
(0.022)		0.274
(0.016)		0.235
(0.028)		0.220
(0.032)		−0.054
(0.026)		19.93,427
1955–571.066
(0.020)		0.246
(0.015)		0.216
(0.024)		0.204
(0.028)		−0.042
(0.020)		17.23,444
1952–541.059
(0.021)		0.206
(0.015)		0.190
(0.024)		0.179
(0.027)		−0.027
(0.019)		12.83,160

  • Notes: Left-side measurement error only. Table displays averages of estimates and standard errors (in parentheses) across ages 31–35. Embedded Image is significantly different from zero (p-value < 0.05) at three ages (out of five) for 1958–60, at four ages for 1955–57, and at two ages for 1952–54. For all cohort groups, lifetime income is restricted to be measured over identical ages: 22–47 for sons, and 36–65 for fathers. Column 7 displays Embedded Image in percent of the benchmark estimate Embedded Image (as average over the age interval).