• Journal of Labour Economics
• /
• v.35 no.2
• /
• pp.25-41
• /
• 2012

This paper estimates the intergenerational income mobility of Korea by applying the new errors-in-variable correction methods to recent waves of the Korea Labor and Income Panel Study. The intergenerational income elasticity estimates ranged from 0.24 to 0.34 show a substantial intergenerational income association in Korea and an upward trend over time.