IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/89139.html
   My bibliography  Save this paper

Intergenerational Mobility and Policy in an Aging Population

Author

Listed:
  • Miyake, Yusuke
  • Yasuoka, Masaya

Abstract

In an aging society, income inequality persists as a severe social problem. Many factors bring about income inequality. Our paper presents consideration of intergenerational mobility and income inequality. Children can not obtain an education investment from their parents if the parents are poor. However, children that are reared by rich parents have a high probability of becoming skilled workers because of sufficient education investment without expending a large amount of effort. Not only education subsidies, but also postponing retirement timing and an increase in pension benefit increase the effort to become a skilled laborer. Therefore the intergenerational mobility from poor to the rich is increased. This paper presents an examination of the effects of an aging population on intergenerational mobility.

Suggested Citation

  • Miyake, Yusuke & Yasuoka, Masaya, 2018. "Intergenerational Mobility and Policy in an Aging Population," MPRA Paper 89139, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:89139
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/89139/1/MPRA_paper_89139.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gilles Le Garrec, 2015. "Increased longevity and social security reform: questioning the optimality of individual accounts when education matters," Journal of Population Economics, Springer;European Society for Population Economics, vol. 28(2), pages 329-352, April.
    2. Owen, Ann L. & Weil, David N., 1998. "Intergenerational earnings mobility, inequality and growth," Journal of Monetary Economics, Elsevier, vol. 41(1), pages 71-104, February.
    3. Gilles Le Garrec, 2015. "Increased longevity and social security reform: questioning the optimality of individual accounts when education matters," Post-Print hal-03399253, HAL.
    4. John Hassler & José Rodríguez Mora & Joseph Zeira, 2007. "Inequality and mobility," Journal of Economic Growth, Springer, vol. 12(3), pages 235-259, September.
    5. Nakamura, Tamotsu & Murayama, Yu, 2011. "Education cost, intergenerational mobility, and income inequality," Economics Letters, Elsevier, vol. 112(3), pages 266-269, September.
    6. Arawatari, Ryo & Ono, Tetsuo, 2013. "Inequality, mobility and redistributive politics," Journal of Economic Theory, Elsevier, vol. 148(1), pages 353-375.
    7. Hirazawa, Makoto & Yakita, Akira, 2017. "Labor supply of elderly people, fertility, and economic development," Journal of Macroeconomics, Elsevier, vol. 51(C), pages 75-96.
    8. Maoz, Yishay D & Moav, Omer, 1999. "Intergenerational Mobility and the Process of Development," Economic Journal, Royal Economic Society, vol. 109(458), pages 677-697, October.
    9. Iyigun, Murat F, 1999. "Public Education and Intergenerational Economic Mobility," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(3), pages 697-710, August.
    10. Lars Kunze, 2014. "Mandatory retirement and economic growth: An inverted U-shaped relationship," Economics Bulletin, AccessEcon, vol. 34(2), pages 885-891.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aso, Hiroki, 2020. "Differential Fertility, Intergenerational Mobility and the Process of Economic Development," MPRA Paper 106148, University Library of Munich, Germany.
    2. Aso, Hiroki, 2020. "Differential Fertility, Intergenerational Mobility and the Process of Economic Development," MPRA Paper 99429, University Library of Munich, Germany.
    3. Aso, Hiroki, 2020. "Endogenous lifetime, intergenerational mobility and economic development," MPRA Paper 99582, University Library of Munich, Germany.
    4. Ryo Arawatari & Tetsuo Ono, 2015. "Inequality, Mobility and Redistributive Taxation in a Finance-Constrained Economy," Applied Economics and Finance, Redfame publishing, vol. 2(4), pages 143-159, November.
    5. Bavaro, Michele & Patriarca, Fabrizio, 2022. "Referrals, intergenerational mobility and human capital accumulation," Economic Modelling, Elsevier, vol. 110(C).
    6. Nakamura, Tamotsu & Murayama, Yu, 2011. "Education cost, intergenerational mobility, and income inequality," Economics Letters, Elsevier, vol. 112(3), pages 266-269, September.
    7. repec:pra:mprapa:106108 is not listed on IDEAS
    8. Neidhöfer, Guido & Serrano, Joaquín & Gasparini, Leonardo, 2018. "Educational inequality and intergenerational mobility in Latin America: A new database," Journal of Development Economics, Elsevier, vol. 134(C), pages 329-349.
    9. Guido Neidhöfer, 2019. "Intergenerational mobility and the rise and fall of inequality: Lessons from Latin America," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 17(4), pages 499-520, December.
    10. Hanol Lee & Jong‐Wha Lee, 2021. "Patterns and determinants of intergenerational educational mobility: Evidence across countries," Pacific Economic Review, Wiley Blackwell, vol. 26(1), pages 70-90, February.
    11. Liu, Qijun & Song, Lijie, 2022. "Do intergovernmental transfers boost intergenerational income mobility? Evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 293-309.
    12. Guido Neidhöfer & Matías Ciaschi & Leonardo Gasparini & Joaquín Serrano, 2024. "Social mobility and economic development," Journal of Economic Growth, Springer, vol. 29(2), pages 327-359, June.
    13. Oded Galor, 2009. "Inequality and Economic Development: An Overview," Working Papers 2009-3, Brown University, Department of Economics.
    14. Lijie Song, 2022. "Examining the Relationship Between Intergenerational Upward Mobility and Inequality: Evidence from Panel Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 1-27, August.
    15. Arawatari, Ryo & Ono, Tetsuo, 2013. "Inequality, mobility and redistributive politics," Journal of Economic Theory, Elsevier, vol. 148(1), pages 353-375.
    16. C. Fan & Jie Zhang, 2013. "Differential fertility and intergenerational mobility under private versus public education," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(3), pages 907-941, July.
    17. Mohamed Ben Mimoun & Asma Raies, 2010. "Public Education Expenditures, Human Capital Investment And Intergenerational Mobility: A Two‐Stage Education Model," Bulletin of Economic Research, Wiley Blackwell, vol. 62(1), pages 31-57, January.
    18. Jaimes, Richard & Westerhout, Ed, 2023. "Optimal policies in an ageing society," The Journal of the Economics of Ageing, Elsevier, vol. 26(C).
    19. Masako Ikefuji & Ryo Horii, 2007. "Wealth Heterogeneity and Escape from the Poverty–Environment Trap," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 9(6), pages 1041-1068, December.
    20. Oded, Galor, 2011. "Inequality, Human Capital Formation, and the Process of Development," Handbook of the Economics of Education, in: Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), Handbook of the Economics of Education, edition 1, volume 4, chapter 0, pages 441-493, Elsevier.
    21. Debasis Bandyopadhyay & Xueli Tang, 2011. "Parental nurturing and adverse effects of redistribution," Journal of Economic Growth, Springer, vol. 16(1), pages 71-98, March.

    More about this item

    Keywords

    Aging population; Education; Intergenerational mobility; Skilled and unskilled labor;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:89139. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.