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Intergenerational Mobility and the Process of Development

Year: 1999

Type: article

Abstract: This paper offers an explanation for some evidence that intergenerational earnings mobility is higher in more developed economies and that mobility is positively correlated with wage equality. In the model mobility promotes economic growth via its effect on the accumulation and allocation of human capital. Growth influences mobility via its effect on incentives to acquire education and its effect on liquidity constraints upon such acquisition. In the process of development mobility increases and the distribution of education becomes better correlated with ability. Redistributive policy has a negative effect on growth in developed economies and a positive effect in developing economies.

Source: The Economic Journal

DOI: 10.1111/1468-0297.00468

Authors: Y. D. Maoz, Omer Moav

Institution: Hebrew University of Jerusalem

Language: English

Topic: Intergenerational and Educational Inequality Studies

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDGs: Reduced inequalities, Decent work and economic growth

Open Access status: green

OpenAlex ID: W2146494635

FWCI: 20.31

Cites: 35

Cited by: 205

Related to: 10