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From rags to riches? Intergenerational transmission of income in Europe

Author

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  • Matthias Schnetzer

    (Department of Economics, Vienna University of Economics & B.A.)

  • Wilfried Altzinger

    (Department of Economics, Vienna University of Economics & B.A.)

Abstract

The paper uses data from the European Union Statistics on Income and Living Conditions (EU-SILC) 2005 to analyze intergenerational income mobility in Austria compared to other European Union members. Applying various methodological approaches like least squares estimations and quantile regressions we reveal substantial differences in intergenerational mobility between Scandinavian countries and Continental Europe. The results show that income class rigidities in most European countries are striking compared to the Nordic countries.

Suggested Citation

  • Matthias Schnetzer & Wilfried Altzinger, 2011. "From rags to riches? Intergenerational transmission of income in Europe," Department of Economics Working Papers wuwp135, Vienna University of Economics and Business, Department of Economics.
    • Handle: RePEc:wiw:wiwwuw:wuwp135
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    References listed on IDEAS

    as
    1. Thorsten Vogel, 2006. "Reassessing Intergenerational Mobility in Germany and the United States: The Impact of Differences in Lifecycle Earnings Patterns," SFB 649 Discussion Papers SFB649DP2006-055, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    2. Donal O’Neill & Olive Sweetman & Dirk Van de gaer, 2007. "The effects of measurement error and omitted variables when using transition matrices to measure intergenerational mobility," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(2), pages 159-178, August.
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    Cited by:

    1. Rainer Eppel & Ulrike Famira-Mühlberger & Julia Bock-Schappelwein, 2014. "Kennzeichen des österreichischen Arbeitsmarktes im EU-Vergleich," WIFO Monatsberichte (monthly reports), WIFO, vol. 87(11), pages 755-766, November.
    2. Michael Mesch, 2016. "Erwerbs- und Einkommenschancen im Kontext der intergenerationellen Einkommenspersistenz," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 42(4), pages 617-664.
    3. Alois Guger & Silvia Rocha-Akis, 2016. "Umverteilung durch den Staat in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(5), pages 329-345, May.
    4. repec:clr:wugarc:y:2016v:42i:04p:617 is not listed on IDEAS
    5. Christine Mayrhuber & Julia Bock-Schappelwein & Eva Rückert, 2012. "Neue soziale Risiken in Österreich im europäischen Vergleich," WIFO Studies, WIFO, number 45118, June.

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    More about this item

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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