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Aggregate implications of occupational inheritance in China and India
[journal article]
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... view more
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.... view less
Keywords
human capital; intergenerational mobility; productivity; occupation; occupational choice; work; inheritance; China; India
Classification
Occupational Research, Occupational Sociology
Labor Market Research
Free Keywords
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)
Document language
English
Publication Year
2019
Page/Pages
p. 1-24
Journal
The B.E. Journal of Macroeconomics, 19 (2019) 1
DOI
https://doi.org/10.1515/bejm-2018-0030
ISSN
1935-1690
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0