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Intergenerational earnings mobility in Singapore and the United States

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Author Info
Ng, Irene Y.H.
Shen, Xiaoyi
Ho, Kong Weng

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Abstract

This 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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File URL: http://www.sciencedirect.com/science/article/B6W53-4THSX40-1/2/0faaec5ee134598bc16377f9616ada1f
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Publisher Info
Article provided by Elsevier in its journal Journal of Asian Economics.

Volume (Year): 20 (2009)
Issue (Month): 2 (March)
Pages: 110-119
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Handle: RePEc:eee:asieco:v:20:y:2009:i:2:p:110-119

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Keywords: Intergenerational earnings mobility Singapore United States;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bjorklund, Anders & Jantti, Markus, 1997. "Intergenerational Income Mobility in Sweden Compared to the United States," American Economic Review, American Economic Association, vol. 87(5), pages 1009-18, December. [Downloadable!] (restricted)
  2. Behrman, Jere R & Taubman, Paul, 1990. "The Intergenerational Correlation between Children's Adult Earnings and Their Parents' Income: Result from the Michigan Panel Survey of Income Dynamics," Review of Income and Wealth, Blackwell Publishing, vol. 36(2), pages 115-27, June.
  3. Megan Louw & Servaas van der Berg & Derek Yu, 2006. "Educational attainment and intergenerational social mobility in South Africa," Working Papers 09/2006, Stellenbosch University, Department of Economics. [Downloadable!]
  4. Bhashkar Mazumder, 2005. "Fortunate Sons: New Estimates of Intergenerational Mobility in the United States Using Social Security Earnings Data," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 235-255, 07. [Downloadable!] (restricted)
  5. Corak, Miles & Heisz, Andrew, 1998. "The Intergenerational Earnings and Income Mobility of Canadian Men: Evidence from Longitudinal Income Tax Data," Analytical Studies Branch Research Paper Series 1998113e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
  6. Miles Corak, 2006. "Do Poor Children Become Poor Adults? Lessons from a Cross Country Comparison of Generational Earnings Mobility," IZA Discussion Papers 1993, Institute for the Study of Labor (IZA). [Downloadable!]
  7. Stewart, Mark B, 1983. "On Least Squares Estimation When the Dependent Variable Is Grouped," Review of Economic Studies, Blackwell Publishing, vol. 50(4), pages 737-53, October. [Downloadable!] (restricted)
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  8. Simona Comi, 2003. "Intergenerational mobility in Europe: evidence from ECHP," Departemental Working Papers 2003-03, Department of Economics University of Milan Italy. [Downloadable!]
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  9. Lillard, L.A. & Kilburn, M.R., 1995. "Intergenerational Earnings Links: Sons and Daughters," Papers 95-17, RAND - Labor and Population Program.
  10. Solon, Gary, 1992. "Intergenerational Income Mobility in the United States," American Economic Review, American Economic Association, vol. 82(3), pages 393-408, June. [Downloadable!] (restricted)
  11. Irene Ng, 2007. "Intergenerational Income Mobility in Singapore," Topics in Economic Analysis & Policy, Berkeley Electronic Press, vol. 7(2), pages 1713-1713. [Downloadable!] (restricted)
  12. Joseph G. Altonji & Thomas A. Dunn, 1991. "Relationships Among the Family Incomes and Labor Market Outcomes of Relatives," NBER Working Papers 3724, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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Cited by:
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  1. Maribel Jimenez & Monica Jimenez, 2009. "La Movilidad Intergeneracional del Ingreso: Evidencia para Argentina," Working Papers 0084, CEDLAS, Universidad Nacional de La Plata. [Downloadable!]
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