Father's Ed to Son's Ed Father's Occ to Son's First Job Father's Occ to Son's Ed Father's Occ to Son's Occ Son's Ed to Son's First Job Son's Ed to Son's Occ Son's First Job to Son's Occ Father's Occ and Ed are exogenous. This leaves me with three reduced form equations. My problem is that after I run the first regression of Son's Ed on Father's Ed, I don't know how to proceed any further. Thanks very much. Could you tell us what path coefficients are and what is a status attainment model.
Path analysis is usually an extension of multiple regression and widely used in the social sciences.
Let's say you want to understand why some people end as investment bankers and other people end up as shoe shiners. For a given individual, get information on his occupation, his education, his parents' education, his parents' occupations, and, in this case, the individual's first job. Moreover, and this is the key to path analysis, parents' occupations also affect the individual's education. So, you have parents' occupations both having a direct effect on the individual's occupation as well as an indirect effect on it, through education. The path coefficients are those that represent the relationship between each variable.