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China and the United States: Different economic models but similarly low levels of socioeconomic mobility

Roy van der Weide () and Ambar Narayan

No wp-2019-121, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The United States and China are the world's largest economies. Together they are responsible for about one-third of the world's economic output. This paper aims to examine whether the two economic giants are also lands of opportunity where resources are allocated in a way that minimizes unrealized human potential. Our analysis shows that despite stark differences in their levels of development, the US and China report remarkably similar levels of socioeconomic mobility; a level that is considered low by international standards.

Keywords: Intergenerational Mobility; Equality of opportunity; Education; Income; China; United States (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-cna
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Citations: View citations in EconPapers (1)

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