Does Education Expansion Increase Intergenerational Mobility?

14 Pages Posted: 30 Sep 2013

See all articles by Hai Zhong

Hai Zhong

Central University of Finance and Economics (CUFE)

Date Written: October 2013

Abstract

Education expansion may lead to ‘over‐education’, where the social connections of parents may exert more significant influence on the return to education of children. With the assumption of a positive correlation between return on human capital and parental income in the presence of over‐education, we show that: (i) the expansion of education may cause horizontal inequity in education opportunities and inefficiency in human capital accumulation; (ii) the positive correlation between return on human capital and parental income causes a more persistent intergenerational immobility; (iii) an expansion of education (especially higher education) leads to more persistent intergenerational immobility.

Suggested Citation

Zhong, Hai, Does Education Expansion Increase Intergenerational Mobility? (October 2013). Economica, Vol. 80, Issue 320, pp. 760-773, 2013. Available at SSRN: https://ssrn.com/abstract=2332923 or http://dx.doi.org/10.1111/ecca.12032

Hai Zhong (Contact Author)

Central University of Finance and Economics (CUFE) ( email )

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