Intergenerational Earnings Mobility in Singapore and the United States

25 Pages Posted: 1 May 2008

See all articles by Irene YH Ng

Irene YH Ng

National University of Singapore (NUS)

Xiaoyi Shen

National University of Singapore (NUS) - Faculty of Arts and Social Sciences

Kong Weng Ho

Singapore Management University

Date Written: 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.

Keywords: Intergenerational earnings mobility, Singapore, United States

JEL Classification: J62, C81

Suggested Citation

Ng, Irene YH and Shen, Xiaoyi and Ho, Kong Weng, Intergenerational Earnings Mobility in Singapore and the United States (May 1, 2008). Available at SSRN: https://ssrn.com/abstract=1127128 or http://dx.doi.org/10.2139/ssrn.1127128

Irene YH Ng

National University of Singapore (NUS) ( email )

Singapore

Xiaoyi Shen

National University of Singapore (NUS) - Faculty of Arts and Social Sciences ( email )

Singapore 117591
Singapore

Kong Weng Ho (Contact Author)

Singapore Management University ( email )

90 Stamford Road
178903
Singapore

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