TY - JOUR
T1 - The intragenerational mobility of the top income earners during financial crises, a story of a cohort
AU - Federman, Stav
AU - Sarid, Assaf
AU - Yaish, Meir
N1 - Publisher Copyright:
© 2023
PY - 2023/12
Y1 - 2023/12
N2 - In this study, we explore the dynamics of the intragenerational mobility of the top income earners during financial crises. We analyze panel data on the income levels of a cohort consisting of 22,601 individuals in Israel born between 1963 and 1973, for the period between 1995 and 2013. Studying a specific cohort allows us to focus on the changes caused by period effects, rather than cohort replacement distortions. We use common intragenerational mobility measurements before, during, and after two major recessions- the Dot.com crisis and the Global Financial Crisis of 2008- which occurred during the analyzed period. However, since these are usually descriptive, we adopt a methodology that enables us to calculate confidence intervals of these measurements and thus test for changes over time. Our results show if the two crises had any effect on the intragenerational mobility of the top income earners of the analyzed cohort, it was a minor and transitory effect.
AB - In this study, we explore the dynamics of the intragenerational mobility of the top income earners during financial crises. We analyze panel data on the income levels of a cohort consisting of 22,601 individuals in Israel born between 1963 and 1973, for the period between 1995 and 2013. Studying a specific cohort allows us to focus on the changes caused by period effects, rather than cohort replacement distortions. We use common intragenerational mobility measurements before, during, and after two major recessions- the Dot.com crisis and the Global Financial Crisis of 2008- which occurred during the analyzed period. However, since these are usually descriptive, we adopt a methodology that enables us to calculate confidence intervals of these measurements and thus test for changes over time. Our results show if the two crises had any effect on the intragenerational mobility of the top income earners of the analyzed cohort, it was a minor and transitory effect.
KW - Economic crises
KW - Income Distribution
KW - Inequality
KW - Social mobility
UR - http://www.scopus.com/inward/record.url?scp=85178850867&partnerID=8YFLogxK
U2 - 10.1016/j.alcr.2023.100565
DO - 10.1016/j.alcr.2023.100565
M3 - Article
C2 - 38054866
AN - SCOPUS:85178850867
SN - 1569-4909
VL - 58
JO - Advances in Life Course Research
JF - Advances in Life Course Research
M1 - 100565
ER -
