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Trends in the Intergenerational Elasticity of Family Income in the United States
Article first published online: 3 JAN 2007
DOI: 10.1111/j.1468-232X.2007.00456.x
Issue
Industrial Relations: A Journal of Economy and Society
Volume 46, Issue 1, pages 22–50, January 2007
Additional Information
How to Cite
HERTZ, T. (2007), Trends in the Intergenerational Elasticity of Family Income in the United States. Industrial Relations: A Journal of Economy and Society, 46: 22–50. doi: 10.1111/j.1468-232X.2007.00456.x
Publication History
- Issue published online: 3 JAN 2007
- Article first published online: 3 JAN 2007
- Abstract
- Article
- References
- Cited By
This paper asks whether the degree to which our incomes resemble our parents’ incomes has changed over time. After comparing various methods of correcting for differences in the ages at which successive birth cohorts are observed, and correcting for sample attrition, I find no evidence of a linear trend in the intergenerational elasticity of family income for those born into the Panel Study of Income Dynamics between 1952 and 1975 and observed as adults between 1977 and 2000.