Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.asieco.2008.09.010
Title: Intergenerational earnings mobility in Singapore and the United States
Authors: Ng, I.Y.H. 
Shen, X.
Ho, K.W.
Keywords: Intergenerational earnings mobility
Singapore
United States
Issue Date: 2009
Source: Ng, I.Y.H.,Shen, X.,Ho, K.W. (2009). Intergenerational earnings mobility in Singapore and the United States. Journal of Asian Economics 20 (2) : 110-119. ScholarBank@NUS Repository. https://doi.org/10.1016/j.asieco.2008.09.010
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
URI: http://scholarbank.nus.edu.sg/handle/10635/21177
ISSN: 10490078
DOI: 10.1016/j.asieco.2008.09.010
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