TY - JOUR T1 - The Trend and Mechanism of Intergenerational Income Mobility in China: An Analysis from the Perspective of Human Capital, Social Capital and Wealth A1 - Zhigang, Yuan A1 - Lin, Chen PY - 2013 JO - The World Economy VL - 36 CP - 7 SP - 880-898 SN - 1467-9701 DO - 10.1111/twec.12043 ID - 2162 AB -

Intergenerational income mobility is the extent to which children’s incomedepends on their parents. The increasing of intergenerational income mobilitycan relieve the social pressure caused by the income gap and provide the incentivefor hardworking and human capital investment. Using microdata and economicempirical technique, this study analyses the time trend and structuralmechanism of China’s intergenerational income mobility in 1988–2005. Theresults suggest the intergenerational income mobility improves in the early period,then becomes stable and even shows a deteriorating sign recently. Humancapital, social capital and wealth explain more than 60 per cent of the intergenerationalincome mobility in China, with wealth contributing the largest proportion.Promoting education equality, eliminating the labour market segmentationand deepening the market–oriented reform are suggested to help improve theintergenerational income mobility in China.

UR - http://dx.doi.org/10.1111/twec.12043 ER -