Intergenerational Mobility using Income, Consumption, and Wealth

Download File
060723-WP-Intergenerational Mobility using Income, Consumption, and Wealth-Fisher and Johnson

Jonathan Fisher, Washington Center for Equitable Growth
David S. Johnson, National Academies of Sciences, Engineering, and Medicine


We use fifty years of the Panel Study of Income Dynamics to study the intergenerational correlation in income, consumption, and wealth to answer the question: is intergenerational mobility similar across the three resource measures? Absolute mobility is highest for consumption, followed by income and wealth. Income exhibits the highest intergenerational correlation, or lowest relative mobility, followed closely by consumption. Wealth exhibits much lower relative mobility. We also look at differences in relative mobility by race, sex, and parental wealth.


Connect with us!

Explore the Equitable Growth network of experts around the country and get answers to today's most pressing questions!

Get in Touch