Intergenerational Mobility under Private vs. Public Education*

• DOI: 10.1111/j.1467-9442.2005.00415.x
• Publication Date: 2005-11-09T11:58:24Z
• Authors: James B. Davies; Jie Zhang; Jinli Zeng
• Keywords: Social Mobility; Private capital; Affect; Labor mobility

Abstract Intergenerational earnings mobility is analyzed in a model where human capital produced using schooling and parental time. In steady states more mobile societies have less inequality, but the short run higher may result from an increase inequality. Starting same under public than private education. A rise income shocks, for example due to increased returns ability, or switch both However, shocks raise do not affect it long run, whereas role reduces run. That these differences help identify source of changes other real‐world implications, are illustrated brief discussion time trends cross‐country differences.