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Essays On Intergenerational Mobility And Inequality In Economic History
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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 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 Inequality and Economic Policy by : Tom Church
Download or read book Inequality and Economic Policy written by Tom Church and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing from a 2014 Hoover Institution Conference on Inequality in honor of Gary Becker, a group of distinguished contributors explore various measures of inequality in America and address the issue of whether or not it is increasing. In looking at this question and examining policy implications, the authors draw on research on human capital and intergenerational mobility. The authors suggest that the emphasis on inequality and redistribution, while not wrong, is nevertheless misplaced, for it may lead us to adopt policies that will disrupt the progress we have made while doing nothing to promote the kind of growth that is essential to national progress.
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 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 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 Inequality and Economic Policy by : Tom Church (Research fellow)
Download or read book Inequality and Economic Policy written by Tom Church (Research fellow) and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of the Conference on Inequality in Memory of Gary Becker held September 25-26, 2014 at the Hoover Institution.
Book Synopsis Persistence, Privilege, and Parenting by : Timothy Smeeding
Download or read book Persistence, Privilege, and Parenting written by Timothy Smeeding and published by Russell Sage Foundation. This book was released on 2011-09-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans like to believe that theirs is the land of opportunity, but the hard facts are that children born into poor families in the United States tend to stay poor and children born into wealthy families generally stay rich. Other countries have shown more success at lessening the effects of inequality on mobility—possibly by making public investments in education, health, and family well-being that offset the private advantages of the wealthy. What can the United States learn from these other countries about how to provide children from disadvantaged backgrounds an equal chance in life? Making comparisons across ten countries, Persistence, Privilege, and Parenting brings together a team of eminent international scholars to examine why advantage and disadvantage persist across generations. The book sheds light on how the social and economic mobility of children differs within and across countries and the impact private family resources, public policies, and social institutions may have on mobility. In what ways do parents pass advantage or disadvantage on to their children? Persistence, Privilege, and Parenting is an expansive exploration of the relationship between parental socioeconomic status and background and the outcomes of their grown children. The authors also address the impact of education and parental financial assistance on mobility. Contributors Miles Corak, Lori Curtis, and Shelley Phipps look at how family economic background influences the outcomes of adult children in the United States and Canada. They find that, despite many cultural similarities between the two countries, Canada has three times the rate of intergenerational mobility as the United States—possibly because Canada makes more public investments in its labor market, health care, and family programs. Jo Blanden and her colleagues explore a number of factors affecting how advantage is transmitted between parents and children in the United States and the United Kingdom, including education, occupation, marriage, and health. They find that despite the two nations having similar rates of intergenerational mobility and social inequality, lack of educational opportunity plays a greater role in limiting U.S. mobility, while the United Kingdom’s deeply rooted social class structure makes it difficult for the disadvantaged to transcend their circumstances. Jane Waldfogel and Elizabeth Washbrook examine cognitive and behavioral school readiness across income groups and find that pre-school age children in both the United States and Britain show substantial income-related gaps in school readiness—driven in part by poorly developed parenting skills among overburdened, low-income families. The authors suggest that the most encouraging policies focus on both school and home interventions, including such measures as increases in federal funding for Head Start programs in the United States, raising pre-school staff qualifications in Britain, and parenting programs in both countries. A significant step forward in the study of intergenerational mobility, Persistence, Privilege, and Parenting demonstrates that the transmission of advantage or disadvantage from one generation to the next varies widely from country to country. This striking finding is a particular cause for concern in the United States, where the persistence of disadvantage remains stubbornly high. But, it provides a reason to hope that by better understanding mobility across the generations abroad, we can find ways to do better at home.
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 Great Gatsby and the Global South by : Diding Sakri
Download or read book Great Gatsby and the Global South written by Diding Sakri and published by Cambridge University Press. This book was released on 2023-04-30 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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 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 90 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 The Inequality Reader by : David Grusky
Download or read book The Inequality Reader written by David Grusky and published by Routledge. This book was released on 2018-04-19 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oriented toward the introductory student, The Inequality Reader is the essential textbook for today's undergraduate courses. The editors, David B. Grusky and Szonja Szelenyi, have assembled the most important classic and contemporary readings about how poverty and inequality are generated and how they might be reduced. With thirty new readings, the second edition provides new materials on anti-poverty policies as well as new qualitative readings that make the scholarship more alive, more accessible, and more relevant. Now more than ever, The Inequality Reader is the one-stop compendium of all the must-read pieces, simply the best available introduction to the stratifi cation canon.
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 Mobility and Inequality Trends by : Sanghamitra Bandyopadhyay
Download or read book Mobility and Inequality Trends written by Sanghamitra Bandyopadhyay and published by Emerald Group Publishing. This book was released on 2023-01-25 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mobility and Inequality Trends is the 30th volume of Research on Economic Inequality and features insightful and original papers from the 9th Society for the Study of Economic Inequality (ECINEQ) meeting.
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:
Download or read book Unequal Chances written by Samuel Bowles and published by Princeton University Press. This book was released on 2005-01-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: "New estimates show that intergenerational inequality in the United States is far greater than was previously thought. Moreover, while the inheritance of wealth and the better schooling typically enjoyed by the children of the well-to-do contribute to this process, these two standard explanations fail to explain the extent of intergenerational status transmission. The genetic inheritance of IQ is even less important. Instead, parent-offspring similarities in personality and behavior may play an important role. Race contributes to the process, and the intergenerational mobility patterns of African Americans and European Americans differ substantially."--BOOK JACKET.
