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|Title:||Intergenerational earnings mobility in Singapore and the United States|
|Authors:||Ng, I.Y.H. |
|Keywords:||Intergenerational earnings mobility|
|Citation:||Ng, I.Y.H., Shen, X., Ho, K.W. (2009-03). Intergenerational earnings mobility in Singapore and the United States. Journal of Asian Economics 20 (2) : 110-119. ScholarBank@NUS Repository.|
|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. © 2008 Elsevier Inc. All rights reserved.|
|Source Title:||Journal of Asian Economics|
|Appears in Collections:||Staff Publications|
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