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Aggregate implications of occupational inheritance in China and India.
- Source :
- B.E. Journal of Macroeconomics; Jan2019, Vol. 19 Issue 1, pN.PAG-N.PAG, 24p, 1 Diagram, 12 Charts, 6 Graphs
- Publication Year :
- 2019
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 21946116
- Volume :
- 19
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- B.E. Journal of Macroeconomics
- Publication Type :
- Academic Journal
- Accession number :
- 134327466
- Full Text :
- https://doi.org/10.1515/bejm-2018-0030