Intergenerational earnings mobility in Singapore and the United States
AbstractThis study compared intergenerational earnings mobility in Singapore and the United States by replicating the sample criteria in the Singapore National Youth Survey on the U.S. Panel Study of Income Dynamics. The mean estimated earnings elasticities are almost identical: 0.26 in Singapore and 0.28 in the United States. Transformed to 0.44 and 0.47 respectively to reflect permanent status, mobility in the two countries is moderately low compared internationally. The finding of similar mobility is not surprising given that the two countries have similar economic realities, welfare systems, education regimes, and labor structures. Policy makers face the daunting challenge of overcoming immobility and inequality while maintaining global competitiveness.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Asian Economics.
Volume (Year): 20 (2009)
Issue (Month): 2 (March)
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Web page: http://www.elsevier.com/locate/asieco
Intergenerational earnings mobility Singapore United States;
Other versions of this item:
- Irene YH Ng & Xiaoyi Shen & Kong Weng Ho, 2008. "Intergenerational Earnings Mobility in Singapore and the United States," Economic Growth centre Working Paper Series 0803, Nanyang Technolgical University, School of Humanities and Social Sciences, Economic Growth centre.
- J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
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