Direct Measures of Intergenerational Income Mobility for Australia

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 11020

Classification and Topics

• Classification: Wirtschaft ; Job, Occupational, and Intergenerational Mobility; Promotion
• Subject: intergenerational mobility ; Australia ; HILDA

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Murray, Chelsea ; Clark, Robert ; Mendolia, Silvia ; Siminski, Peter
• Event: Veröffentlichung
• (who): Institute of Labor Economics (IZA)
• (where): Bonn
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/171004
• Last update: 10.03.2025, 11:45 AM CET