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Intergenerational Wealth Mobility in Rural Bangladesh

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  • Asadullah, Niaz

    ()
    (University of Reading)

Abstract

Unique 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 Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5914.

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Length: 44 pages
Date of creation: Aug 2011
Date of revision:
Publication status: published online in: Journal of Development Studies, 2012, [Forthoming]
Handle: RePEc:iza:izadps:dp5914

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Keywords: transition matrix; schooling mobility; occupational mobility; household wealth; intergenerational inequality; Bangladesh;

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  1. Mohammad Niaz Asadullah (SKOPE, Department of Economics), . "Returns to Education in Bangladesh," QEH Working Papers, Queen Elizabeth House, University of Oxford qehwps130, Queen Elizabeth House, University of Oxford.
  2. François Bourguignon & Francisco H.G. Ferreira & Marta Menéndez, 2003. "Inequality of Outcomes and Inequality of Opportunities in Brazil," William Davidson Institute Working Papers Series 2003-630, William Davidson Institute at the University of Michigan.
  3. Kerwin Kofi Charles & Erik Hurst, 2003. "The Correlation of Wealth across Generations," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 111(6), pages 1155-1182, December.
  4. Duncan Thomas & Elizabeth Frankenberg & James P. Smith, 2004. "Lost but Not Forgotten: Attrition and Follow-up in the Indonesia Family Life Survey," Labor and Demography, EconWPA 0408007, EconWPA.
  5. Nathan D. Grawe & Casey B. Mulligan, 2002. "Economic Interpretations of Intergenerational Correlations," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 16(3), pages 45-58, Summer.
  6. Thomas, D. & Frankenberg, E. & Smith, J.P., 2000. "Lost But Not Forgotten Attribution and Follow-up in the Indonesian Family Life Survey," Papers, RAND - Labor and Population Program 00-03, RAND - Labor and Population Program.
  7. Fuwa, Nobuhiko, 1999. "An Analysis of Social Mobility in a Village Community: The Case of a Philippine Village," Journal of Policy Modeling, Elsevier, Elsevier, vol. 21(1), pages 101-138, January.
  8. Corak,Miles (ed.), 2004. "Generational Income Mobility in North America and Europe," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521827607.
  9. Solon, Gary, 1992. "Intergenerational Income Mobility in the United States," American Economic Review, American Economic Association, American Economic Association, vol. 82(3), pages 393-408, June.
  10. Menchik, Paul L, 1979. "Inter-generational Transmission of Inequality: An Empirical Study of Wealth Mobility," Economica, London School of Economics and Political Science, London School of Economics and Political Science, vol. 46(184), pages 349-62, November.
  11. Gary Solon, 2002. "Cross-Country Differences in Intergenerational Earnings Mobility," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 16(3), pages 59-66, Summer.
  12. Swaminathan, Madhura, 1991. "Measuring Mobility in Wealth: Some Estimates from a South Indian Village," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, Department of Economics, University of Oxford, vol. 53(2), pages 171-83, May.
  13. Mark R. Rosenzweig, 2003. "Payoffs from Panels in Low-Income Countries: Economic Development and Economic Mobility," American Economic Review, American Economic Association, American Economic Association, vol. 93(2), pages 112-117, May.
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Cited by:
  1. Asadullah, Niaz & Chaudhury, Nazmul, 2012. "Subjective Well-Being and Relative Poverty in Rural Bangladesh," IZA Discussion Papers 6569, Institute for the Study of Labor (IZA).

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