The apple doesn't fall far from the tree: Intergenerational wealth mobility in Taiwan

Yu-Wei Luke Chu, Ming-Jen Lin and Huici Nian
Authors registered in the RePEc Author Service: 明仁 林

Labour Economics, 2024, vol. 91, issue C

Abstract: We estimate intergenerational wealth mobility using administrative records from Taiwan and find strong intergenerational rank correlations in household gross wealth, around 0.40 for sons and 0.30 for daughters. The wealth rank correlations are similar for single and married children, even though married children have greater household wealth and relatively strong assortative mating. The intergenerational wealth correlation is nonlinear and particularly strong for families in the top 10 % of household wealth. Different family sizes and gender compositions do not significantly affect intergenerational wealth mobility, regardless of the children's gender or marital status. Since our sample includes only parents who are still alive, these correlations are not driven by bequests. However, inter vivos transfers appear to play a significant role.

Keywords: Intergenerational mobility; Wealth; Rank correlation; Life-cycle bias; Taiwan; Tax data (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0927537124001131
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:91:y:2024:i:c:s0927537124001131

DOI: 10.1016/j.labeco.2024.102617

Access Statistics for this article

Labour Economics is currently edited by A. Ichino

More articles in Labour Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().