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Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 14784
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
intergenerational mobility
wealth mobility
Australia
JEL: 
D31
J62
H00
Dokumentart: 
Working Paper

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