Intergenerational Mobility in Lifetime Income

Moshe Justman, Hadas Stiassnie

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

Estimates of intergenerational mobility in lifetime income derived from incomplete income histories routinely incorporate in the estimation process, necessary life-cycle adjustments to annual income data. The two-stage method presented here first estimates proxies for fathers’ and sons’ lifetime family incomes from annual income observations, schooling and race; and then uses these income proxies to derive mobility measures. Applying this to United States PSID data for sons born between 1952 and 1981, we find a decline in intergenerational mobility in lifetime family income, as measured by the intergenerational elasticity of income, the rank-rank correlation, absolute upward mobility, and other indicators.

Original languageEnglish
Pages (from-to)928-949
Number of pages22
JournalReview of Income and Wealth
Volume67
Issue number4
DOIs
StatePublished - 1 Dec 2021

Keywords

  • PSID
  • intergenerational income elasticity
  • intergenerational income mobility
  • lifetime income
  • rank mobility

ASJC Scopus subject areas

  • Economics and Econometrics

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