The Trend and Mechanism of Intergenerational Income Mobility in China: An Analysis from the Perspective of Human Capital, Social Capital and Wealth

摘要

Using microdata and statistical and empirical technique, this study analyses the time trend and structural mechanism of China's intergenerational income mobility in 1988-2005. The results suggest the intergenerational income mobility improves in the early period, then becomes stable and even shows a deteriorating sign recently. Human capital, social capital and wealth explain more than 60 per cent of the intergenerational income mobility in China, with wealth contributing the largest proportion.