Rising Intergenerational Income Persistence in China

• 成果类型: Article
• 署名作者: Fan, Yi; Yi, Junjian; Zhang, Junsen
• 署名单位: National University of Singapore; National University of Singapore; Zhejiang University; Chinese University of Hong Kong
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20170097
• 发表日期: 2021
• 页码: 202-230
• 关键词: life-cycle bias; mobility; TRENDS; opportunity; INEQUALITY; quantity

摘要

This paper documents an increasing intergenerational income persistence in China since economic reforms were introduced in 1979. The intergenerational income elasticity increases from 0.390 for the 1970-1980 birth cohort to 0.442 for the 1981-1988 birth cohort; this increase is more evident among urban and coastal residents than rural and inland residents. We also explore how changes in intergenerational income persistence is correlated with market reforms, economic development, and policy changes.