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- Articles and reports: 11-626-X2016059Description:
This Economic Insights article examines the extent to which the lifetime income of children is correlated with the lifetime income of their fathers—a topic known as intergenerational income mobility. The analysis uses data from Statistics Canada’s Intergenerational Income Database, which links together children and their parents using tax files. The data provides information that permits the comparison of the income of children to those of parents at a similar stage of the lifecycle. A longer, more detailed study is also available.
Release date: 2016-06-17 - Articles and reports: 11F0019M2016379Description:
Comparative studies of intergenerational earnings and income mobility largely rank Canada as one of the most mobile countries among advanced economies, such as Denmark, Finland and Norway. The assertion that Canada is a highly mobile society is drawn from intergenerational income elasticity estimates reported in Corak and Heisz (1999). Corak and Heisz used data from the earlier version of the Intergenerational Income Database (IID), which tracked income of Canadian youth only into their early thirties. Recent theoretical literature, however, suggests that the relationship between childrens’ and parents’ lifetime income may not be accurately estimated when children’s income are not observed from their mid-careers— known as lifecycle bias. The present study addresses this concern by re-examining the extent of intergenerational earnings and income mobility in Canada using the updated version of the IID, which tracks children well into their mid-forties, when mid-career income are observed.
Release date: 2016-06-17
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Articles and reports (2)
Articles and reports (2) ((2 results))
- Articles and reports: 11-626-X2016059Description:
This Economic Insights article examines the extent to which the lifetime income of children is correlated with the lifetime income of their fathers—a topic known as intergenerational income mobility. The analysis uses data from Statistics Canada’s Intergenerational Income Database, which links together children and their parents using tax files. The data provides information that permits the comparison of the income of children to those of parents at a similar stage of the lifecycle. A longer, more detailed study is also available.
Release date: 2016-06-17 - Articles and reports: 11F0019M2016379Description:
Comparative studies of intergenerational earnings and income mobility largely rank Canada as one of the most mobile countries among advanced economies, such as Denmark, Finland and Norway. The assertion that Canada is a highly mobile society is drawn from intergenerational income elasticity estimates reported in Corak and Heisz (1999). Corak and Heisz used data from the earlier version of the Intergenerational Income Database (IID), which tracked income of Canadian youth only into their early thirties. Recent theoretical literature, however, suggests that the relationship between childrens’ and parents’ lifetime income may not be accurately estimated when children’s income are not observed from their mid-careers— known as lifecycle bias. The present study addresses this concern by re-examining the extent of intergenerational earnings and income mobility in Canada using the updated version of the IID, which tracks children well into their mid-forties, when mid-career income are observed.
Release date: 2016-06-17
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