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Essays On Intergenerational Mobiblity And Equality Of Opportunity
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Book Synopsis Essays on Intergenerational Mobiblity and Equality of Opportunity by : Juan César Palomino Quintana
Download or read book Essays on Intergenerational Mobiblity and Equality of Opportunity written by Juan César Palomino Quintana and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This doctoral dissertation is divided in three chapters. While all of them deal with the measurement and determinants of economic mobility and (in)equality of opportunity, each has a distinct topic and focuses on a special facet of the opportunity and mobility puzzle. One size doesn't t all: A quantile analysis of intergenerational income mobility in the U.S. (1980-2010) Conventional wisdom and previous literature suggest that economic mobility is lower at the tails of the income distribution; however, the few studies that have estimated intergenerational income elasticity (IGE) at di erent points of the distribution in the U.S. were limited by small samples, arrived at disparate results, and had not estimated the trend of elasticity over time. In the rst chapter of this dissertation a large sample of income observations in the 1980-2010 period for the U.S. is built using the PSID database, which allows us to obtain robust quantile estimates of the IGE both for the pooled sample and for each wave. For the pooled sample, the IGE shows a U-shaped relation with the income distribution, with higher values at the tails (0.64 at the tenth percentile and 0.48 at the ninety- fth percentile) and a minimum value {highest mobility- of 0.38 at the seventieth percentile. The trend evolution of the IGE also varies across the income distribution: at the lower and mid quantiles, income mobility increased during the 80s and 90s but declined in the 00s, while for the higher quantiles it remained relatively stable along the whole period. Finally, the impact of education and race on mobility is evaluated. Both factors are found to be important and related to the position at the income distribution...
Book Synopsis Three Essays in Economic Mobility and Inequality by : Seunghee Lee (Economist)
Download or read book Three Essays in Economic Mobility and Inequality written by Seunghee Lee (Economist) and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the interest in Economics on inequality has exploded, intergenerational mobility is one of the fundamental areas concerning inequality since it is related to many normative questions such as equal opportunity and fairness. Despite its importance, research on measuring intergenerational mobility has received relatively little attention. The dominant approach is still the scalar-based regression approach, which employs a regression of some statistics of offspring on some statistics of parents. In connection with this issue, this dissertation introduces a novel measure for intergenerational mobility based on modern economic theory and empirically analyzes intergenerational mobility in the U.S. and Korea.The first chapter analyzes the empirical aspect of the relationship between parental income trajectory and a child's success in the U.S. using a novel approach, functional approach.In particular, we find that parental income when their children are in their late teens is more correlated with children's income in their early 30s. In addition, children whose parental income tends to increase in their late teens are more likely to have a higher economic position than their parents. This implies that upward income mobility is positively associated with the steadily increasing economic status of the family over the first 20 years of children's life. Investigated further are the effects on explaining a child's success of the role of other trajectories, such as the family structure of unemployment and job type of household head, and the impact of parental education level. We also investigate the association between parental income profile and their children's college attendance and derive a similar finding that late teens are crucial periods when parents' income has a more significant impact on children's educational success.While the first chapter addresses issues in intergenerational mobility in the U.S., the second chapter focuses on intergenerational mobility in Korea. In the second chapter, using a similar approach to Chapter 1, we analyze the intergenerational mobility in all three dimensions - income, education, and occupation. In addition, reflecting Korea's unique historical and social characteristics, we study the association between investment in private tutoring and a child's economic and educational success. Our findings highlight the importance of parental intervention in teens on a child's educational success. The pattern of parental income profile of the upward mobility group shows a stronger upward trend than that of the downward mobility group, similar to what we observe in the U.S. data in Chapter 1. In Korea, both upward and downward mobility groups show steadily increasing parental income trajectories, reflecting the rapid economic growth Korea has experienced over the last six decades. This interesting and unique finding of mobility patterns in Korea reveals various social and economic structural changes Korea has gone through.The third chapter studies the various methodological issues. In this chapter, we consider how our functional estimate can be varied by the fluctuation of measurement error in parental income. Using Beveridge-Nelson decomposition, we decompose parental income into permanent and transitory components and consider the transitory component as a measurement error. We also compare our estimation method with the methods based on the fixed basis approach. Using too many bases in this approach yields nonsensical estimates, while the estimates using too few bases strongly depend on the shape of the basis. We also find that the fixed basis approach is not robust to measurement error. A possible endogeneity issue is also studied in this chapter. Parental income can affect their children's success through two channels, transmission of human capital and providing financial resources. To focus on the effect of financial resources, we measure intergenerational income mobility using instrumental variables to control the effect of human capital.
Book Synopsis Three essays on inequality of opportunity and intergenerational mobility by : Thinh Truong Pham
Download or read book Three essays on inequality of opportunity and intergenerational mobility written by Thinh Truong Pham and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Three Essays on Intergenerational Mobility by : Minghao Li
Download or read book Three Essays on Intergenerational Mobility written by Minghao Li and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of intergenerational mobility has a long history in the social sciences. Previous studies have proposed various mobility concepts, striven to overcome empirical barriers to achieve accurate national measures, and mapped out cross-country patterns and time trends of mobility. The three essays in dissertation contribute to a recent strand of this literature which seeks to understand the mechanisms through which social status is transmitted across generations. After an overall introduction in chapter one, chapter two uses recently published county-level data to study the determinants of intergenerational mobility, measured by income levels and teen birth rates. Following Solons mobility model, we study the impacts of public investment in human capital, returns to human capital, and taxation. The results show that better school quality and higher returns to education increase adult incomes and reduce teen birth rates for children from low income families. By comparing counties within or adjacent to metropolitan areas to other counties, this study finds that urban upward mobility is sensitive to parents' education while non-urban upward mobility is sensitive to migration opportunities.Chapter three employs court-ordered School Finance Reforms (SFRs) as quasi-experiments to quantify the effects of education equity on intergenerational mobility within commuting zones. First, I use reduced form difference-in-difference analysis to show that 10 years of exposure to SFRs increases the average college attendance rate by about 5.2% for children with the lowest parent income. The effect of exposure to SFRs decreases with parent income and increases with the duration of exposure. Second, to directly model the causal pathways, I construct a measure for education inequity based on the association between school district education expenditure and median family income. Using exposure to SFRs as the instrumental variable, 2SLS analysis suggests that one standard deviation reduction in education inequality will cause the average college attendance rate to increase by 2.2% for children at the lower end of the parent income spectrum. Placing the magnitudes of these effects in context, I conclude that policies aimed at increasing education equity, such as SFRs, can substantially benefit poor children but they alone are not enough to overcome the high degree of existing inequalities.Chapter four studies the Intergenerational Persistence of Self-employment in China across the Planned Economy Era. It finds that children whose parents were self-employed before Chinas socialist transformation were more likely to become self-employed themselves after the economic reform even though they had no direct exposure to their parents businesses. The effect is found in both urban and rural areas, but only for sons. Furthermore, asset holding data indicate that households with self-employed parents before the socialist transformation were more risk tolerant. These findings suggest that the taste for self-employment is an important conduit of parents effects on self-employment, and that the taste being transferred can be mapped to known entrepreneurial attitudes.
Book Synopsis Three Essays on Socioeconomic Inequality by : Sungoh Kwon
Download or read book Three Essays on Socioeconomic Inequality written by Sungoh Kwon and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation investigates three different sources of inequality and policy tools to deal with the issues. The first chapter examines whether an increase in public school spending can enhance equality of opportunity as measured by intergenerational mobility. To identify the causal impact of school spending, I exploit the plausibly exogenous variation in spending induced by the court-mandated school finance reforms in the United States. I find that a ten percent increase in school spending raises college attendance rates by about five percentage points for disadvantaged children and about two percentage points for advantaged children. Despite substantial school spending effects on college attendance rates, there is little evidence that spending increases boost income ranks of disadvantaged children in the national distribution. For advantaged children, I find a marginally significant increase in income ranks. The second chapter examines whether the removal of racial preferences improves college access for low-income students and upward mobility. In recent years, many states in the U.S. have banned race-based affirmative action in college admissions. Public universities in these states have put more weight on socioeconomic factors, such as family income, to ensure a diverse student body without the explicit consideration of race. I find that the elimination of race-based preferences increases the enrollment share of low-income and first-generation students at selective public universities. The positive impact on college access is driven by low-income Asian students. Banning the use of race in admissions also raises the upward mobility rate, which measures the extent to which an institution contributes to intergenerational income mobility. In the third chapter, S Anukriti (Boston College), Nishith Prakash (University of Connecticut), and I examine the impacts of dowry expectations on households' decisions in contemporary rural India. Dowry, a bride-to-groom marriage payment, is often cited as a factor behind gender inequality. Exploiting variation in firstborn gender and heterogeneity in dowry amounts across marriage markets, we find that the prospect of paying higher dowry increases household savings, which are primarily financed through increased paternal labor supply. However, we find no impacts of dowry expectations on son-preferring fertility behaviors and child investments.
Book Synopsis Essays on Inequality and Intergenerational Mobility by : Christopher Rauh
Download or read book Essays on Inequality and Intergenerational Mobility written by Christopher Rauh and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Three Essays on Intergenerational Mobility in the U.S. by : Maximilian Hell
Download or read book Three Essays on Intergenerational Mobility in the U.S. written by Maximilian Hell and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this dissertation investigate the patterns and consequence of intergenerational mobility in the United States. First, I examine changes in the share of Black and white children earning more than their parents. I find that declines in absolute income mobility for Black children, from 92% to 41% between 1940 and 1987 birth cohorts, are steeper than for whites. In the preferred specification, the racial gap increases from 2 to 8 pp. For Black men, a principal driver of low mobility is their high rate of institutionalization. For white women, family formation plays a key role in achieving upward mobility. Black women have much higher mobility in individual income, but not in family income. Mobility declines are largest in the South, where Black parental income was particularly low in the early cohorts. Second, I investigate the consequences of class mobility for people's beliefs. Do children growing up in a particular class retain its beliefs? And is the process of moving between classes itself associated with shifts in beliefs? I find evidence that people's values show relatively strong, and their material interests comparatively weak associations with parental class. Moreover, people who move from one class to another are more likely to hold the beliefs of the higher-status class across a number of domains, such that the upwardly mobile are more tolerant, the downwardly mobile more hostile to redistribution. I also find evidence for resentment regarding political ideology, where mobility is associated with lower chances of holding the beliefs of the higher-status class. Third, I analyze whether changes in educational stratification have resulted in greater parental influence on people's level of social distrust. Compared to own education, has parental education grown in significance? I find evidence that men, for whom educational expansion has stalled, saw increases in the relative weight of parental education on social distrust. At the same time, women saw continued increases in educational attainment and decreases in the weight of parental background, relative to their own educational attainment.
Book Synopsis The Economics of Inequality, Poverty, and Discrimination in the 21st Century by : Robert S. Rycroft
Download or read book The Economics of Inequality, Poverty, and Discrimination in the 21st Century written by Robert S. Rycroft and published by Bloomsbury Publishing USA. This book was released on 2013-03-07 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading scholars examine the conflicting paradigms of affluence and destitution in the United States—as well as other free societies—and discuss the influence of education, race, and status on economic mobility. While recent catastrophic events in New Orleans and Haiti may have magnified issues of social inequity, leaders have debated over poverty and discrimination for decades. Are the poor disadvantaged by the institutions of society or by the choices they make? Through two insightful volumes, the author examines differing academic and political perspectives to help shed light on the causes of poverty and inequality; the role that gender, race, age, or sexual preference plays in determining opportunity; and the effectiveness of current social and economic policies in balancing the inequity among disparate groups. The Economics of Inequality, Poverty, and Discrimination in the 21st Century consists of 2 volumes containing 32 papers divided into 5 categories: measurement, inequality and mobility, institutions and choices, demographic groups and discrimination, and policy. The papers—written by economists, sociologists, philosophers and lawyers—deal with the extent of inequality in the United States and how it compares to other countries, and the newly emerging evidence on the relationship between inequality and mobility within a society.
Book Synopsis Essays on Intergenerational Mobility and Inequality in Economic History by : James Feigenbaum
Download or read book Essays on Intergenerational Mobility and Inequality in Economic History written by James Feigenbaum and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores intergenerational mobility and inequality in the early twentieth century. The first chapter asks whether economic downturns increase or decrease mobility. I estimate the effect of the Great Depression on mobility, linking a sample of fathers before the Depression to their sons in 1940. I find that the Great Depression lowered intergenerational mobility for sons growing up in cities hit by large downturns. The effects are driven by differential, selective migration: the sons of richer fathers are able to move to better destinations. The second chapter compares historic rates of intergenerational mobility to today. Based on a sample matched from the Iowa 1915 State Census to the 1940 Federal Census, I argue that there was more mobility in the early twentieth century than is found in contemporary data, whether measured using intergenerational elasticities, rank-rank correlations, educational persistence, or occupational status measures. In the third chapter, I detail the machine learning method used to create the linked census samples used in chapters 1 and 2. I use a supervised learning approach to record linkage, training a matching algorithm on hand-linked historical data which is able to efficiently and accurately find links in noisy in historical data.
Book Synopsis Essays on Intergenerational Mobility by : Aiday Sikhova
Download or read book Essays on Intergenerational Mobility written by Aiday Sikhova and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter of the dissertation provides novel empirical evidence to disentangle the significance of parental income and parental education in determining children's human capital using Swedish administrative data. The second chapter shows that parents are an important mechanism driving income inequality among their children using survey data for Chinese child and adult twins.
Book Synopsis Essays on the economics of intergenerational mobility and more by :
Download or read book Essays on the economics of intergenerational mobility and more written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis From Parents to Children by : John Ermisch
Download or read book From Parents to Children written by John Ermisch and published by Russell Sage Foundation. This book was released on 2012-05-01 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does economic inequality in one generation lead to inequality of opportunity in the next? In From Parents to Children, an esteemed international group of scholars investigates this question using data from ten countries with differing levels of inequality. The book compares whether and how parents' resources transmit advantage to their children at different stages of development and sheds light on the structural differences among countries that may influence intergenerational mobility. How and why is economic mobility higher in some countries than in others? The contributors find that inequality in mobility-relevant skills emerges early in childhood in all of the countries studied. Bruce Bradbury and his coauthors focus on learning readiness among young children and show that as early as age five, large disparities in cognitive and other mobility-relevant skills develop between low- and high-income kids, particularly in the United States and the United Kingdom. Such disparities may be mitigated by investments in early childhood education, as Christelle Dumas and Arnaud Lefranc demonstrate. They find that universal pre-school education in France lessens the negative effect of low parental SES and gives low-income children a greater shot at social mobility. Katherine Magnuson, Jane Waldfogel, and Elizabeth Washbrook find that income-based gaps in cognitive achievement in the United States and the United Kingdom widen as children reach adolescence. Robert Haveman and his coauthors show that the effect of parental income on test scores increases as children age; and in both the United States and Canada, having parents with a higher income betters the chances that a child will enroll in college. As economic inequality in the United States continues to rise, the national policy conversation will not only need to address the devastating effects of rising inequality in this generation but also the potential consequences of the decline in mobility from one generation to the next. Drawing on unparalleled international datasets, From Parents to Children provides an important first step.
Book Synopsis Intergenerational Mobility and Equality of Opportunity in Primary Education by : Mikkel Høst Gandil
Download or read book Intergenerational Mobility and Equality of Opportunity in Primary Education written by Mikkel Høst Gandil and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis is concerned with a possible answer to the question of why we should care about inequality: children. A child can no less choose its parents than it can choose its gender or ethnicity. One cannot fault a child for their choice of school, lack of resources or absence of role models. Therefore, any meritocratic liberal society must grapple with how inequalities persist across generations. In other words, how do parents transmit social status to children? To what extent is such transmission fair, or not, and what can society do to change it? While reading this thesis, these are the questions to have in mind. This thesis is divided into two parts, with four articles in total which, all relate to the question of equality of opportunity and social mobility. The first chapter is self-contained and focuses on the statistical measurement of intergenerational mobility while the remaining three chapters focus on the importance of primary education, inequality in educational input in childhood and its consequences.
Book Synopsis Three Essays on Social Interactions and Intergenerational Mobility by : Alejandro Gaviria Trujillo
Download or read book Three Essays on Social Interactions and Intergenerational Mobility written by Alejandro Gaviria Trujillo and published by . This book was released on 1998 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Generational Income Mobility in North America and Europe by : Miles Corak
Download or read book Generational Income Mobility in North America and Europe written by Miles Corak and published by Cambridge University Press. This book was released on 2004-11-25 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Measuring Intergenerational Mobility and Equality of Opportunity by : Dirk van de Gaer
Download or read book Measuring Intergenerational Mobility and Equality of Opportunity written by Dirk van de Gaer and published by . This book was released on 1998 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Upside of Inequality by : Edward Conard
Download or read book The Upside of Inequality written by Edward Conard and published by Penguin. This book was released on 2016-09-13 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scourge of America’s economy isn't the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right. Now he’s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further. Using fact-based logic, Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent—rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of “crony capitalism” more broadly. Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone.
