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This paper provides estimates of brother income correlations for rural China. Brother correlations are a parsimonious measure of the importance of family and community background as determinants of individuals¡¯ economic status. We find internationally high levels of income similarity for...
Persistent link: https://www.econbiz.de/10010888528
We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …
Persistent link: https://www.econbiz.de/10005763661
The authors study the effects of liquidity constraints and start-up costs on the relationship between wealth and the … fraction of entrepreneurs in an economy. They develop a dynamic occupational choice model with endogenous wealth and entry into … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …
Persistent link: https://www.econbiz.de/10005545543
Based on brother correlations in permanent earnings for different groups of second generation immigrants, the findings in this paper indicate that cultural background is not a major determinant of the level of intergenerational economic mobility.
Persistent link: https://www.econbiz.de/10010954518
This paper analyzes whether individuals have equal opportunity to achieve happiness (or wellbeing). We estimate sibling correlations and intergenerational correlations in self-reported life satisfaction, satisfaction with household income, job satisfaction, and satisfaction with health. We find...
Persistent link: https://www.econbiz.de/10011267919
Previous estimates of inequality of opportunity (IOp) are lower bounds because of the unobservability of the full set of endowed characteristics beyond the sphere of individual responsibility. Knowing the true size of unfair IOp, however, is important for the acceptance of (some) inequality and...
Persistent link: https://www.econbiz.de/10010548565
The goal of this study is to examine trends in the importance of family background in determining adult income in Sweden. We investigate whether the association between family background and income in Sweden has changed for cohorts born 1932-1968. Our main finding is that the share of the...
Persistent link: https://www.econbiz.de/10005763494
We provide a measure of equality of educational opportunity in 54 countries, estimated as the effect of family background on student performance in two international TIMSS tests. We then show how organizational features of the education system affect equality of educational opportunity. Our...
Persistent link: https://www.econbiz.de/10005700942
This study examines the correlation between childhood poverty and its influence on adulthood wage distribution, where childhood poverty refers to experience of poverty or poor family background during one's childhood. With the data from Korean Labor Income Panel Study, KLIPS, quantile regression...
Persistent link: https://www.econbiz.de/10010764621
Drawing on data contained in the 2005 EU-SILC, this paper investigates the disparities in educational opportunities in Italy and Spain. Its main objective is to analyse the predicted probabilities of completing upper-secondary and tertiary education for individuals with different parental...
Persistent link: https://www.econbiz.de/10010659443