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Intergenerational Earnings Mobility in Singapore and the United StatesIrene YH NgNational University of Singapore Xiaoyi ShenNational University of Singapore (NUS) - Faculty of Arts and Social Sciences Kong Weng HoNanyang Technological University May 1, 2008 Abstract: This study compared intergenerational earnings mobility in Singapore and the United States by replicating the limitations 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 0.27 in the United States. Transformed to 0.45 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 economic realities, welfare systems, education regimes, and labor structures in the two countries are similar. Policy makers face the daunting challenge of overcoming immobility and inequality while maintaining global competitiveness.
Number of Pages in PDF File: 25 Keywords: Intergenerational earnings mobility, Singapore, United States JEL Classification: J62, C81 working papers seriesDate posted: May 1, 2008Suggested CitationContact Information
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