Intergenerational Mobility in Lifetime Income

Justman, Moshe; Stiassnie, Hadas

doi:10.1111/roiw.12505

Cited by 12 publications

(7 citation statements)

References 37 publications

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“…The point estimates are consistently between 0.20-0.25 for much of the time period, but then settle in closer to 0.30 after 2010. Overall, the US results are thus consistent both with studies that fail to find a significant change in mobility (Lee and Solon, 2009;Chetty et al, 2014) and those that indeed find an increase (decrease) in the IGE (mobility) (e.g., Justman and Stiassnie, 2021).…”

Section: Additional Trends Resultssupporting

confidence: 86%

Like Mother, Like Child? The Rise of Women's Intergenerational Income Persistence in Sweden and the United States

2023

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Section: Additional Trends Resultssupporting

confidence: 86%

Like Mother, Like Child? The Rise of Women's Intergenerational Income Persistence in Sweden and the United States

2023

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“…There are also a number of newer papers using the PSID (Hartley et al, 2022;Justman and Krush, 2013;Justman et al, 2017;Justman and Stiassnie, 2020) that have all documented sharp increases in the IGE over time making it less clear that Hertz (2007) and Lee and Solon (2009) should be viewed as the final word on crosscohort changes in intergenerational mobility when using the PSID. 42 Hilger (2017) finds evidence of more rapid educational mobility prior to 1980 but does not look at income mobility.…”

Section: Reconciling Our Estimates With the Prior Literaturementioning

confidence: 99%

“…We discuss the literature estimating intergenerational mobility for a single NLS cohort in Section 6.3 We describe the ideal cohorts for this analysis in more precise detail in Section 2.1.4 SeeHertz (2007),Lee and Solon (2009),Hartley et al (2022),Justman and Krush (2013),Justman et al (2017), andJustman and Stiassnie (2020).…”

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confidence: 99%

The Decline in Intergenerational Mobility after 1980

Davis,

Mazumder

2024

Review of Economics and Statistics

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Relative intergenerational mobility declined for cohorts born around 1960 compared to those born around 1950. The former entered the labor market after the rise in inequality around 1980 while the latter entered the labor market earlier. We show that the rank-rank slope rose from 0.25 to 0.36 and the intergenerational elasticity increased from 0.28 to 0.45. These increases are more pronounced for men than for women. Increases in returns to schooling and in the gradient in the likelihood of marriage by parent income are contributors to increased intergenerational persistence.

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“…Justman and Stiassnie (2021) make estimates of the intergenerational persistence in lifetime income but it is not clear that their measure of lifetime income would capture intergenerational wealth transfers Adermon, Lindahl and Waldenström (2018). employ data that link multiple generations and include data on inheritances, but their focus is in explaining intergenerational wealth mobility rather than lifetime income mobility Boserup et al (2016).…”

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confidence: 99%

Intergenerational mobility in the UK

van der Erve,

Krutikova,

Macmillan

et al. 2023

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National estimates of intergenerational earnings mobility Previous work has shown that intergenerational income mobility in England was lower for those born in 1970 than those born in 1958. Using administrative data on the most recent birth cohorts for whom earnings data are available, we find no evidence of recovery from that decline. National estimates of mobility of cohorts born in the late 1980s looks very similar to those of the 1970 cohort and education inequalities continue to be the dominant mediator. However, these estimates paint an incomplete picture for two reasons.Differences in income mobility across areas and across ethnic groups  First, there is a significant amount of heterogeneity in income mobility within England. We find important differences in mobility rates across different neighbourhoods and different ethnic groups for young people from disadvantaged backgrounds. Due to data limitations, our analysis is restricted to studying upward mobility among individuals who grew up in disadvantaged households. For men, the difference between the least and most mobile groups (Black Caribbean and Indian, respectively) is around 15 percentiles -equivalent to £8,000 or 54% of mean earnings at age 28 for men who were eligible for free school meals (FSM) in these cohorts -while between the most and least mobile Local Authorities (LAs; Nottingham in East Midlands and Havering in London), it is 17 percentiles. The difference between White and Indian women (the least and most mobile ethnic groups, respectively) is also 17 percentiles (equivalent to just over 82% of mean earnings at age 28 for FSM women in these cohorts); this is also the gap between Kingston upon Hull in Yorkshire and Redbridge in London, which are the least and most mobile LAs for women.The growing importance of 'unearned' sources of income  Second, existing research on intergenerational mobility has tended to focus on income from earnings. We find that 'unearned' sources of income, here meaning returns to wealth and wealth transfers received, look to be an important driver of the persistence across generations in total lifetime income (i.e. the sum of earnings and returns to wealth and wealth transfers received). These 'unearned' sources of income are likely to be of growing importance over time. van der Erve, L. et al. (2023), 'Intergenerational mobility in the UK', IFS Deaton Review of Inequalities 2 © Institute for Fiscal Studies, September 2023 Finally, there is significant room to improve data and methods for integrating more sophisticated measures of lifetime income that account for important unearned components.van der Erve, L. et al. (2023), 'Intergenerational mobility in the UK', IFS Deaton Review of Inequalities 3

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Intergenerational Mobility in Lifetime Income

Cited by 12 publications

References 37 publications

Like Mother, Like Child? The Rise of Women's Intergenerational Income Persistence in Sweden and the United States

Like Mother, Like Child? The Rise of Women's Intergenerational Income Persistence in Sweden and the United States

The Decline in Intergenerational Mobility after 1980

Intergenerational mobility in the UK

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