How to increase intergenerational mobility – implications for policy
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School of Business |
Bachelor's thesis
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Authors
Piispanen, Jesse
Date
2021
Department
Major/Subject
Mcode
Degree programme
Taloustiede
Language
en
Pages
30
Series
Abstract
Intergenerational mobility refers to how the outcomes of the next generation are determined by the outcomes of the preceding generation. In this literature review, I examine what mechanisms cause differences in intergenerational mobility across societies and what these mechanisms imply when considering policy targeted at increasing intergenerational mobility. I present theoretical models by Solon (2004) and Becker et al. (2018) to study intergenerational mobility and the effects of government investment, genetic endowments, and the role of human capital. I also present empirical literature concerning intergenerational mobility, focusing on income inequality, neighborhoods and education. Additionally, I follow Guryan et al. (2008) and examine parental time use with children using the American Time Use Survey. I discuss the empirical findings and analyze their policy implications in general and in the context of the discussed theoretical models. I find that policy can affect intergenerational through multiple ways, such as through progressive policies regarding human capital investment, place-based approaches targeted at families living in low-income neighborhoods, and by improving access to education.Description
Thesis advisor
Stryjan, MiriCiprian, Domnisoru
Keywords
intergenerational mobility, income, education, equality