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Intergenerational Wealth Mobility in Rural Bangladesh

  • M. Niaz Asadullah

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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Article provided by Taylor & Francis Journals in its journal The Journal of Development Studies.

Volume (Year): 48 (2012)
Issue (Month): 9 (September)
Pages: 1193-1208

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Handle: RePEc:taf:jdevst:v:48:y:2012:i:9:p:1193-1208
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  1. Mark R. Rosenzweig, 2003. "Payoffs from Panels in Low-Income Countries: Economic Development and Economic Mobility," American Economic Review, American Economic Association, vol. 93(2), pages 112-117, May.
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  3. Gary Solon, 2002. "Cross-Country Differences in Intergenerational Earnings Mobility," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 59-66, Summer.
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  7. 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.
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  9. Fuwa, Nobuhiko, 1999. "An Analysis of Social Mobility in a Village Community: The Case of a Philippine Village," Journal of Policy Modeling, Elsevier, vol. 21(1), pages 101-138, January.
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  12. Menchik, Paul L, 1979. "Inter-generational Transmission of Inequality: An Empirical Study of Wealth Mobility," Economica, London School of Economics and Political Science, vol. 46(184), pages 349-62, November.
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