Intergenerational Wealth Mobility in Rural Bangladesh
AbstractUnique residential history data with retrospective information on parental assets are used to study household wealth mobility in 141 villages in rural Bangladesh. Regression estimates of father-son correlations and analyses of intergenerational transition matrices show substantial persistence in wealth even when we correct for measurement errors in parental wealth. We do not find wealth mobility to be higher between periods of a person's life than between generations. We find that the process of household division plays an important role: sons who splinter off from the father's household experience greater (albeit downward) mobility in wealth. Despite significant occupational mobility across generations, its contribution to wealth mobility, net of human capital attainment of individuals, appears insignificant. Low wealth mobility in our data is primarily explained by intergenerational persistence in educational attainment.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5914.
Length: 44 pages
Date of creation: Aug 2011
Date of revision:
Publication status: published online in: Journal of Development Studies, 2012, [Forthoming]
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Other versions of this item:
- M. Niaz Asadullah, 2012. "Intergenerational Wealth Mobility in Rural Bangladesh," Journal of Development Studies, Taylor & Francis Journals, vol. 48(9), pages 1193-1208, September.
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-08-29 (All new papers)
- NEP-DEV-2011-08-29 (Development)
- NEP-LAB-2011-08-29 (Labour Economics)
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