Intergenerational Mobility in Lifetime Income

Moshe Justman; Hadas Stiassnie

doi:10.1111/roiw.12505

Intergenerational Mobility in Lifetime Income

Moshe Justman
, Hadas Stiassnie

Department of Economics

Research output: Contribution to journal › Article › peer-review

7 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 language	English
Pages (from-to)	928-949
Number of pages	22
Journal	Review of Income and Wealth
Volume	67
Issue number	4
DOIs	https://doi.org/10.1111/roiw.12505
State	Published - 1 Dec 2021

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Keywords

PSID
intergenerational income elasticity
intergenerational income mobility
lifetime income
rank mobility

ASJC Scopus subject areas

Economics and Econometrics

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10.1111/roiw.12505

Cite this

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title = "Intergenerational Mobility in Lifetime Income",

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{\textquoteright} and sons{\textquoteright} 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.",

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T1 - Intergenerational Mobility in Lifetime Income

AU - Justman, Moshe

AU - Stiassnie, Hadas

PY - 2021/12/1

Y1 - 2021/12/1

N2 - 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.

AB - 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.

KW - PSID

KW - intergenerational income elasticity

KW - intergenerational income mobility

KW - lifetime income

KW - rank mobility

UR - https://www.scopus.com/pages/publications/85100189048

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DO - 10.1111/roiw.12505

M3 - Article

AN - SCOPUS:85100189048

SN - 0034-6586

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SP - 928

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JO - Review of Income and Wealth

JF - Review of Income and Wealth

IS - 4

ER -

Intergenerational Mobility in Lifetime Income

Abstract

UN SDGs

Keywords

ASJC Scopus subject areas

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