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Author: Ann L. Owen
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 55
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Book Description
We examine a model in which per capita income, inequality, intergenerational mobility, and returns to education are all determined endogenously. Individuals earn wages depending on their ability, which is a random variable. They purchase an education with transfers received from their parents, and are subject to liquidity constraints. In the model, multiple steady state equilibria are possible: countries with identical tastes and technologies can reach differing rates of mobility, inequality, and per capita income. Equilibria with higher levels of output also have lower inequality, higher mobility, and more efficient distribution of education
Author: Ann L. Owen
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 55
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Book Description
We examine a model in which per capita income, inequality, intergenerational mobility, and returns to education are all determined endogenously. Individuals earn wages depending on their ability, which is a random variable. They purchase an education with transfers received from their parents, and are subject to liquidity constraints. In the model, multiple steady state equilibria are possible: countries with identical tastes and technologies can reach differing rates of mobility, inequality, and per capita income. Equilibria with higher levels of output also have lower inequality, higher mobility, and more efficient distribution of education
Author: Mr.Shekhar Aiyar
Publisher: International Monetary Fund
ISBN: 1484396987
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects—for example by hindering human capital accumulation— thereby retarding future growth disproportionately. We use several recently developed internationally comparable measures of intergenerational mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility. Our results suggest that omitting intergenerational mobility leads to misspecification, shedding light on why the empirical literature on income inequality and growth has been so inconclusive.
Author: Miles Corak
Publisher: Cambridge University Press
ISBN: 9781139455763
Category : Business & Economics
Languages : en
Pages : 348
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Book Description
Labour markets in North America and Europe have changed tremendously in the face of increased globalisation and technical progress, raising important challenges for policy makers concerned with equality of opportunity. This book examines the influence of both changes in income inequality and of social policies on the degree to which economic advantage is passed on between parents and children in the rich countries. Standard theoretical models of generational dynamics are extended to examine generational income and earnings mobility over time and across space. Over twenty contributors from North America and Europe offer comparable estimates of the degree of mobility, changes in mobility, and the impact of government policy. In so doing, they strengthen the analytical tool kit used in the study of generational mobility, and offer insights for research and directions in dealing with equality of opportunity and child poverty.
Author: Ambar Narayan
Publisher: World Bank Publications
ISBN: 1464812799
Category : Business & Economics
Languages : en
Pages : 352
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Book Description
Fair Progress? Economic Mobility across Generations around the World focuses on an issue that has gotten much attention in the developed world, but will present new data and analysis covering most of the world including developing economies. The analysis considers whether those born in poverty or in prosperity are destined to remain in the same economic circumstances into which they were born, and looks back over a half a century at whether children's lives are better or worse than their parents' in different parts of the world. It suggests local, national, and global actions and policies that can help break the cycle of poverty, paving the way for the next generation to realize their potential and improve their lives.
Author: Diding Sakri
Publisher: Cambridge University Press
ISBN: 1009382713
Category : Business & Economics
Languages : en
Pages : 106
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Book Description
In the Global South economic mobility across generations or intergenerational economic mobility is in and of itself an important topic for research with consequences for policy. It concerns the 'stickiness' or otherwise of inequality because mobility is concerned with the extent to which children's economic outcomes are dependent on their parents' economic outcomes. Scholars have estimated levels of intergenerational mobility in many developed countries. Fewer estimates are available for developing countries, where mobility matters more due to starker differences in living standards. This Element surveys the area, conceptually and empirically; it presents a new estimate for a developing country, namely Indonesia; it discusses the 'Great Gatsby Curve' and highlights the different positions of developed and developing countries. Finally, it presents a theoretical framework to explain the drivers of mobility and the stickiness or otherwise of inequality across time. This title is also available as Open Access on Cambridge Core.
Author: Kaushik Basu
Publisher: Springer
ISBN: 1137554592
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
It was part of common wisdom that in the early stages of development inequality would rise, but it would, eventually, decline. As time passed and growth persisted, inequality has, however, continued to grow, casting doubt on the received wisdom.
Author: David Brady
Publisher: Oxford University Press
ISBN: 0199914052
Category : Political Science
Languages : en
Pages : 937
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Book Description
The Oxford Handbook of the Social Science of Poverty builds a common scholarly ground in the study of poverty by bringing together an international, inter-disciplinary group of scholars to provide their perspectives on the issue. Contributors engage in discussions about the leading theories and conceptual debates regarding poverty, the most salient topics in poverty research, and the far-reaching consequences of poverty on the individual and societal level.
Author: Juan Gabriel Rodríguez
Publisher: Emerald Group Publishing
ISBN: 1780520344
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.
Author: Mareike Schad
Publisher: Springer
ISBN: 3658104651
Category : Political Science
Languages : en
Pages : 174
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Book Description
Mareike Schad examines how redistributive policy measures influence intergenerational income mobility, taking into account various facets of the parent-child connection. In the first part, the author investigates the impact of education and education policy on income mobility both theoretically and empirically. The second part addresses individual beliefs regarding the determinants of personal economic success and their effect on income mobility within a society.
Author: Murat F. Iyigun
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 40
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Book Description
