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New estimates of intergenerational mobility in Australia

Journal Article


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Abstract


  • We present new estimates of intergenerational earnings elasticity for Australia. We closely follow the methodology used by Leigh [BE Journal of Economic Analysis & Policy, 7 (2007) 1], but use considerably more data (12 waves of HILDA and four waves of PSID). Our adjusted estimates are intended to be comparable to those for other countries in Corak [Journal of Economic Perspectives, 27 (2013) 79]. Our preferred estimate (0.35) is considerably higher than implied by Leigh's study, and is less subject to sampling variation. In an international context, intergenerational mobility in Australia is not particularly high, and is consistent with its relatively high level of cross-sectional inequality.

Publication Date


  • 2016

Citation


  • Mendolia, S. & Siminski, P. (2016). New estimates of intergenerational mobility in Australia. The Economic Record, 92 (298), 361-373.

Scopus Eid


  • 2-s2.0-84973575267

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1966&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/960

Has Global Citation Frequency


Number Of Pages


  • 12

Start Page


  • 361

End Page


  • 373

Volume


  • 92

Issue


  • 298

Place Of Publication


  • Australia

Abstract


  • We present new estimates of intergenerational earnings elasticity for Australia. We closely follow the methodology used by Leigh [BE Journal of Economic Analysis & Policy, 7 (2007) 1], but use considerably more data (12 waves of HILDA and four waves of PSID). Our adjusted estimates are intended to be comparable to those for other countries in Corak [Journal of Economic Perspectives, 27 (2013) 79]. Our preferred estimate (0.35) is considerably higher than implied by Leigh's study, and is less subject to sampling variation. In an international context, intergenerational mobility in Australia is not particularly high, and is consistent with its relatively high level of cross-sectional inequality.

Publication Date


  • 2016

Citation


  • Mendolia, S. & Siminski, P. (2016). New estimates of intergenerational mobility in Australia. The Economic Record, 92 (298), 361-373.

Scopus Eid


  • 2-s2.0-84973575267

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1966&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/960

Has Global Citation Frequency


Number Of Pages


  • 12

Start Page


  • 361

End Page


  • 373

Volume


  • 92

Issue


  • 298

Place Of Publication


  • Australia