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%T Aggregate implications of occupational inheritance in China and India
%A Ji, Ting
%J The B.E. Journal of Macroeconomics
%N 1
%P 1-24
%V 19
%D 2019
%K intergenerational income mobility; intergenerational occupational mobility; labor productivity; occupational inheritance; ZA5400: International Social Survey Programme: Social Inequality IV - ISSP 2009 (Data file Version 3.0.0)
%@ 1935-1690
%~ FDB
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-77065-7
%X This paper documents occupational inheritance – that is, children’s inheritance of their parents’ occupations – in China, India, and other countries. Among the causes of the prevalence of occupational inheritance, we target two broad categories that impede growth: labor market frictions and barriers to human capital acquisition. Counterfactual experiments based on a tractable occupational choice model suggest that if the impediments mentioned above were reduced to the US levels, labor productivity would grow by 60–75% in China and 107–178% in India. China realized 74–89% of this growth potential from the 1980s to 2009. In addition, this productivity gain is accompanied by a decrease in the correlation of intergenerational incomes.
%C USA
%G en
%9 Zeitschriftenartikel
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info