In this paper, we investigate intergenerational top earnings and top income mobility in Denmark. Access to administrative registers allowed us to look at very small fractions of the population. We find that intergenerational mobility is lower in the top when including capital income in the income measure - for the rich top 0.1 % fathers and sons the elasticity is 0.466. Compared with Sweden, however, the intergenerational top income persistence is smaller in Denmark.
- Intergenerational top income persistence
- Top incomes
- Piecewise (spline) regression