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Abstract:
Using 1989–2006 waves of the China Health and Nutrition Survey data, we estimate the intergenerational income elasticity (IIE) of China. We find that the lower bound of the IIE is 0.491 using the son’s latest observed income and his father’s income averaged over three periods. We use the father’s number of years of education as an instrumental variable for his permanent income to derive the upper bound of the IIE, which is 0.556. We find that the intergenerational income mobility of rural China is higher than that in urban areas.
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Notes on contributors
Hau Chyi
Hau Chyi ([email protected]) is visiting assistant professor in the Department of Economics at Northern Illinois University, DeKalb, Illinois. Bo Zhou ([email protected]) is assistant professor in the Department of Public Finance and Taxation of the School of International Trade and Economics at the University of International Business and Economics, Beijing, China. Shenyi Jiang ([email protected]), corresponding author, is assistant professor in the China Economics and Management Academy at Central University of Finance and Economics, Beijing, China. Wei Sun ([email protected]), corresponding author, is assistant professor in the Hanqing Advanced Institute of Economics and Finance and School of Finance at Renmin University of China, Beijing, China. The authors thank Ke Tang, Xiangbo Liu, and Zhigang Qiu for their helpful comments and discussions. This paper was partially funded by the Ontario Research Fund.
Bo Zhou
Hau Chyi ([email protected]) is visiting assistant professor in the Department of Economics at Northern Illinois University, DeKalb, Illinois. Bo Zhou ([email protected]) is assistant professor in the Department of Public Finance and Taxation of the School of International Trade and Economics at the University of International Business and Economics, Beijing, China. Shenyi Jiang ([email protected]), corresponding author, is assistant professor in the China Economics and Management Academy at Central University of Finance and Economics, Beijing, China. Wei Sun ([email protected]), corresponding author, is assistant professor in the Hanqing Advanced Institute of Economics and Finance and School of Finance at Renmin University of China, Beijing, China. The authors thank Ke Tang, Xiangbo Liu, and Zhigang Qiu for their helpful comments and discussions. This paper was partially funded by the Ontario Research Fund.
Shenyi Jiang
Hau Chyi ([email protected]) is visiting assistant professor in the Department of Economics at Northern Illinois University, DeKalb, Illinois. Bo Zhou ([email protected]) is assistant professor in the Department of Public Finance and Taxation of the School of International Trade and Economics at the University of International Business and Economics, Beijing, China. Shenyi Jiang ([email protected]), corresponding author, is assistant professor in the China Economics and Management Academy at Central University of Finance and Economics, Beijing, China. Wei Sun ([email protected]), corresponding author, is assistant professor in the Hanqing Advanced Institute of Economics and Finance and School of Finance at Renmin University of China, Beijing, China. The authors thank Ke Tang, Xiangbo Liu, and Zhigang Qiu for their helpful comments and discussions. This paper was partially funded by the Ontario Research Fund.
Wei Sun
Hau Chyi ([email protected]) is visiting assistant professor in the Department of Economics at Northern Illinois University, DeKalb, Illinois. Bo Zhou ([email protected]) is assistant professor in the Department of Public Finance and Taxation of the School of International Trade and Economics at the University of International Business and Economics, Beijing, China. Shenyi Jiang ([email protected]), corresponding author, is assistant professor in the China Economics and Management Academy at Central University of Finance and Economics, Beijing, China. Wei Sun ([email protected]), corresponding author, is assistant professor in the Hanqing Advanced Institute of Economics and Finance and School of Finance at Renmin University of China, Beijing, China. The authors thank Ke Tang, Xiangbo Liu, and Zhigang Qiu for their helpful comments and discussions. This paper was partially funded by the Ontario Research Fund.