This research investigates the impact of subjective intergenerational mobility (SIGM) on the well-being of Chinese residents. Using data from the China Labor Force Dynamics Survey (2012-2016), the study reveals an upward trend in SIGM, with subjective intergenerational elasticity increasing from 0.264 in the 1950s to 0.390 in the 1980s. SIGM positively influences well-being, indirectly through self-evaluated health and social inequality. The study also confirms the existence of a subjective Great Gatsby Curve in China. Improving human capital and removing restrictive systems are suggested to enhance residents' subjective social status and well-being.

Chong Lu, Guangkun Chen