Abstract
This study investigates intergenerational earnings mobility in Korea for sons born between 1958 and 1973 and compares Korea's mobility to that of other countries. It uses data from the Korea Labor and Income Panel Study and the Household Income and Expenditure Survey conducted by the National Statistics Bureau. Since no single Korean data set includes the information on both sons' and their fathers' adult earnings, this study follows the two-sample approach previously applied in several other countries. The estimated intergenerational earnings elasticity of around 0.4 is similar to estimates for some already developed countries and smaller than typical estimates for recently developing countries.
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