Publication Type

Journal Article

Version

Postprint

Publication Date

3-2009

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.

Keywords

Intergenerational earnings mobility, Singapore, United States

Discipline

Asian Studies | Economics | Public Economics

Research Areas

Macroeconomics

Publication

Journal of Asian Economics

Volume

20

Issue

2

First Page

110

Last Page

119

ISSN

1049-0078

Identifier

10.1016/j.asieco.2008.09.010

Publisher

Elsevier

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://dx.doi.org/10.1016/j.asieco.2008.09.010

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