Rohenkohl, B (2019) Intergenerational income mobility in the UK : new evidence using the BHPS and understanding society. Working Paper. Sheffield Economic Research Paper Series, 2019017 (2019017). Department of Economics, University of Sheffield ISSN 1749-8368
Abstract
Using a new dataset combining the British Household Panel Survey and Understanding Society, I estimate the intergenerational income elasticity in the UK for individuals born between 1973 and 1991. Employing the traditional OLS approach as well as an alternative two-stage residual method that better controls for life-cycle effects, my results indicate that the intergenerational income elasticity is approximately 0.25. This means that around one quarter of every additional 1% of income advantage enjoyed by parents is passed on to their children. I also estimate income rank coefficients, which are a measure of positional mobility in the income distribution and these results corroborate the analysis of elasticities. These main results are largely robust to changes in the specifications of the model, sample restrictions and to the use of different measures of income. I also obtain regional estimates of mobility, and find large differences between the North and South of England
Metadata
Item Type: | Monograph |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2019 The Author(s). For reuse permissions, please contact the Author(s). |
Keywords: | intergenerational mobility; income dynamics; social mobility |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) > Sheffield Economics Research Papers Series The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 05 Aug 2019 10:54 |
Last Modified: | 05 Aug 2019 10:54 |
Published Version: | https://www.sheffield.ac.uk/polopoly_fs/1.858080!/... |
Status: | Published |
Publisher: | Department of Economics, University of Sheffield |
Series Name: | Sheffield Economic Research Paper Series |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:149252 |