Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/236448 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14417
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We conduct the first dedicated study of absolute income mobility in Australia, for 1950-2019. About two-thirds of 30-34 year-olds have higher real incomes than their parents did at the same age, and this has been stable for 25 years. This is among the highest levels of absolute mobility in the world. Nevertheless, mobility was considerably higher for baby-boomers (over 80% had higher incomes than their parents). About two-thirds of this decline in mobility is due to lower income growth. The remainder is due to rising inequality. The mobility estimate is higher (78%) when income is adjusted (equivalised) for family size.
Subjects: 
intergenerational mobility
absolute mobility
Australia
JEL: 
D31
H00
J62
Document Type: 
Working Paper

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