TITLE:
The Long-Term Impact of Household Wealth on Income Mobility
AUTHORS:
Kai Zhang, Dan Liu
KEYWORDS:
Household Wealth, Income Mobility, Long-Term Impact, Tendency
JOURNAL NAME:
Modern Economy,
Vol.8 No.3,
March
6,
2017
ABSTRACT: By using the China Health and Nutrition Survey data,
this paper targets the generation who enter the labor market at the age of 18
to 35 and tries to study the long-term impact of their family health on income
mobility as well as keep track of the tendency. Three conclusions can be drown
from the research. Firstly, the impact is more significant in the second poor
group and the middle-income group than that in the high-income group, and that
of the low-income group is the worst. Secondly, in the long run, the impact
shows a weakening trend, but the changing process is not the same. Thirdly, the
significance of impact varies in different age groups. Compared with the groups
aged 20 to 35 and 25 to 30, the impact is relatively remarkable for those who
just enter the labor market aged 18 to 25.