Erschienen in:Melbourne Institute Working Paper ; No. 43/13
Umfang:
1 Online-Ressource (36 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.2370189
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1, 2013 erstellt
Beschreibung:
We use PSID data to 2008 to consider changes in the intergenerational elasticity (IGE) of income in fifteen successive ten-year cohort-groups of sons aged 36-45 between 1997 and 2011. Regressing sons' estimated lifetime income on fathers' income within each group, we obtain fifteen IGE estimates, which exhibit a significant rising trend, as do intergenerational correlations and rank correlations. The Gini coefficient of sons' lifetime income within these groups exhibits a correlation of 0.71 with our IGE estimates, leading us to conclude that as the United States has become economically less equal in recent years it has also become less mobile