Intergenerational mobility, human capital accumulation, and growth in India

Roy van der Weide () and Melinda Vigh

No wp-2018-187, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are influenced less by the individual's parents and more by her potential. In an application to 54 state-regions in India (1983-2011), we identify the causal effect of intergenerational mobility on household expenditure's future growth. We find that intergenerational mobility has a positive effect on growth, particularly among the poor.

Keywords: Intergenerational Mobility; Inequality; Growth; Poverty and inequality (search for similar items in EconPapers)
Date: 2018
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