Long-Run Factors Influencing Intergenerational Perceived Job Status Mobility

John A. Bishop, Haiyong Liu and Juan Rodríguez

A chapter in Inequality, Taxation and Intergenerational Transmission, 2018, vol. 26, pp 219-246 from Emerald Group Publishing Limited

Abstract: There are conflicting views of the primary role of income inequality in economic development. Many expect that higher income shares at the top reflect substantial economic contributions while others think that these increases in top shares have not translated into higher economic growth. Recently, this debate has been reinvigorated by a new proposal: higher income inequality could hurt economic performance by decreasing future intergenerational mobility. We contribute to this debate by examining the relationship between intergenerational perceived job status mobility and past income inequality. We find a robust negative association of lagged income inequality with upward intergenerational job status mobility and a robust positive association of lagged income inequality with downward intergenerational job status mobility. In addition, we find that the quality of political institutions and religious fractionalization both contribute positively to job status mobility. Higher levels of past Gross Domestic Product (GDP) result in less upward job status mobility and more downward job status mobility.

Keywords: Intergenerational mobility; perceived job status; income inequality; political institutions; religious fractionalization; Great Gatsby Curve; J62; D31; I30 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eme:reinzz:s1049-258520180000026010

DOI: 10.1108/S1049-258520180000026010

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