Direct Measures of Intergenerational Income Mobility for Australia

Murray, C; Clark, RG; Mendolia, S; Siminski, P

Direct Measures of Intergenerational Income Mobility for Australia

Murray, C Clark, RG Mendolia, S Siminski, P

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Publication Type:: Journal Article
Citation:: Economic Record, 2018, 94 (307), pp. 445 - 468
Issue Date:: 2018-12-01

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Field	Value	Language
dc.contributor.author	Murray, C	en_US
dc.contributor.author	Clark, RG	en_US
dc.contributor.author	Mendolia, S	en_US
dc.contributor.author	Siminski, P https://orcid.org/0000-0002-3099-8049	en_US
dc.date.issued	2018-12-01	en_US
dc.identifier.citation	Economic Record, 2018, 94 (307), pp. 445 - 468	en_US
dc.identifier.issn	0013-0249	en_US
dc.identifier.uri	http://hdl.handle.net/10453/130244
dc.description.abstract	© 2018 Economic Society of Australia 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 USA, 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.	en_US
dc.relation.ispartof	Economic Record	en_US
dc.relation.isbasedon	10.1111/1475-4932.12445	en_US
dc.subject.classification	Economics	en_US
dc.title	Direct Measures of Intergenerational Income Mobility for Australia	en_US
dc.type	Journal Article
utslib.citation.volume	307	en_US
utslib.citation.volume	94	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	14 Economics	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.issue	307	en_US
pubs.publication-status	Published	en_US
pubs.volume	94	en_US

Abstract:

© 2018 Economic Society of Australia 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 USA, 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.

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http://hdl.handle.net/10453/130244