At my intergenerational mobility conference last week, I asked all attendees:
- What percentile in the income distribution does your household now occupy? (1=lowest,50=middle, 100=highest)
- What percentile in the income distribution did your household occupy when you were aged 14?
In a nice coincidence, the intergenerational earnings correlation is 0.29, which is quite similar to the intergenerational elasticity that I estimate for the full Australian population (0.2-0.3). Here’s the data:
To see photos from the conference, click on the image below.
|The Economics of Intergenerational Mobility|