We use fifty years of the Panel Study of Income Dynamics to study the intergenerational correlation in income … mobility is highest for consumption, followed by income and wealth. Income exhibits the highest intergenerational correlation …

The estimation of intergenerational mobility ideally requires full income histories to determine lifetime incomes …. However, as applications are typically based on shorter snapshots, estimates are subject to lifecycle bias. Using long income … of income processes: children from more affluent families tend to experience faster income growth, even conditional on …

earnings volatility increased, while earnings mobility did not change significantly. We connect these trends with some salient … inequality, while the rise in fixed‐term contracts explains much of the rise in volatility. Both of these trends affect the … the number of weeks worked during the year as well as increase their volatility. We only find weak evidence that fixed …

income. Linking individuals to their parents, we also investigate the intergenerational transmission of income dynamics. We … find that children of high-income, highwealth fathers enjoy steeper income growth over the life cycle and face more … volatile but more positively skewed income changes, suggesting that they are more likely to pursue high-return, high …