INTERGENERATIONAL INCOME MOBILITY ACROSS THREE GENERATIONS: THE CASE OF TAIWAN-Reference-Cited by-同舟云学术

INTERGENERATIONAL INCOME MOBILITY ACROSS THREE GENERATIONS: THE CASE OF TAIWAN

Published:2023-05-30 Issue: Volume: Page:1-33
ISSN:0217-5908
Container-title:The Singapore Economic Review
language:en
Short-container-title:Singapore Econ. Rev.

Author:

JIA ZHI-XIAO¹²^ORCID

Affiliation:

1. Graduate School of Economics and Management, Tohoku University, 27-1 Kawauchi, Aoba-Ku Sendai, Japan

2. Faculty of Economics, Keio University, 2-15-45 Mita, Minato-Ku, Tokyo, Japan

Abstract

This research analyzes intergenerational income mobility over three generations in Taiwan by estimating intergenerational income elasticity (IGE). Results indicate that IGE between fathers and sons is 0.349, and IGE between fathers and grandsons is 0.139. Fathers’ death during grandsons’ early ages does not affect IGE between them, and the independent effect of fathers’ income on grandsons’ income is weak. Roughly, 65% of IGE between fathers and grandsons is explained by sons’ couples’ income. Quantile results show that IGE between fathers and grandsons is stronger at upper tail of fathers’ income distribution, and it is especially strong for extremely rich grandsons.

Publisher

World Scientific Pub Co Pte Ltd

Subject

Economics and Econometrics

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0217590823500273

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