Opening book details…
Can I read The Correlation of Wealth Between Parents and Children in Australia on EtoBox?
The Correlation of Wealth Between Parents and Children in Australia by Peter Siminski; Sin Hung (Timothy) Yu is a Economics, Econometrics and Finance article available to read on EtoBox.
What is The Correlation of Wealth Between Parents and Children in Australia about?
## Abstract We present the first estimates of intergenerational wealth mobility for Australia. The rank correlation is 0.253, compared to 0.306 for the United States using comparable methods. This correlation varies greatly by child age when wealth is observed, from 0.1 before age 30, to 0.5 after age 40. This sharp increase with age is stronger than for other countries, is not explained by sample selection bias and is not specific to particular types of wealth. We also argue that neither income mobility nor wealth mobility, as operationalised in empirical work, align neatly with the wealth concept in the Becker & Tomes framework.
Who reads The Correlation of Wealth Between Parents and Children in Australia?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Peter Siminski; Sin Hung (Timothy) Yu
- Publisher
- Wiley
- Published
- 2022
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)