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Titel
Direct measures of intergenerational income mobility for Australia / Chelsea Murray (University of Wollongong), Robert Clark (Australian National University), Silvia Mendolia (University of Wollongong and IZA), Peter Siminski (University of Technology Sydney, University of Wollongong and IZA) ; IZA Institute of Labor Economics
VerfasserMurray, Chelsea ; Clark, Robert In der Gemeinsamen Normdatei der DNB nachschlagen ; Mendolia, Silvia In der Gemeinsamen Normdatei der DNB nachschlagen ; Siminski, Peter In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, September 2017
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Elektronische Ressource
Umfang1 Online-Ressource (35 Seiten) : Diagramme
SerieDiscussion paper ; no. 11020
URNurn:nbn:de:hbz:5:2-138766 Persistent Identifier (URN)
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Direct measures of intergenerational income mobility for Australia [0.49 mb]
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Zusammenfassung

We present the first Australian estimates of intergenerational mobility that draw on direct observations of income from two generations. Using panel data for three birth cohorts of young adults from the Household, Income and Labour Dynamics Australia survey, the estimated intergenerational income elasticity is 0.28. Correcting for attenuation bias raises this to 0.41. We estimate the rank correlation to be 0.27. We show that Australia has greater mobility than the US and this is not sensitive to methodological choices. We also show that spousal selection and family structure may be important determinants of income persistence across generations.