Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/250445 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14784
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We present the first estimates of intergenerational wealth correlation for Australia, using HILDA. The rank correlation varies greatly by child age when wealth is observed, from 0.1 before age 30, to 0.5 after age 40. Most children in our estimation sample are young. For these children overall, the estimate is 0.253. Our comparable estimate for the USA is 0.306. Wealth correlations are difficult to interpret and not well grounded in theory. We therefore also implement Boserup et al.'s (2017) framework to estimate the intergenerational correlation of lifetime resources, but conclude that HILDA is not yet mature enough for this task.
Subjects: 
intergenerational mobility
wealth mobility
Australia
JEL: 
D31
J62
H00
Document Type: 
Working Paper

Files in This Item:
File
Size
734.77 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.