Kennedy, Tomas; Siminski, Peter - 2021
We conduct the first dedicated study of absolute income mobility in Australia, for 1950-2019. About two-thirds of 30 …-34 year-olds have higher real incomes than their parents did at the same age, and this has been stable for 25 years. This is …-boomers (over 80% had higher incomes than their parents). About two-thirds of this decline in mobility is due to lower income growth …