Intergenerational Income Mobility in China e-bog

Intergenerational income mobility is of great societal importance due to its relevance to equal socio-economic opportunity and future economic efficiency. In her book Dr Hou explores the potential role of education policy in reducing intergenerational transmission of poverty and promoting intergenerational income mobility in China. Her research investigates the extent to which intergenerational income persists in China, the mechanisms behind intergenerational inequality, and premises for policy intervention. The interaction between families, labour markets, and public policies that structure a child's opportunities and determine the extent to which income is related to family background are discussed in detail. The book comprises of three separate empirical studies examining the relationship between parents' income and the long-term welfare of their children for two birth cohorts; the role education plays in the intergenerational income relationship; and possible policy intervention channels to facilitate intergenerational income mobility. The lessons learnt from the empirical studies in this book offer the basis for a discussion of current educational policies and provide guidance for developing more appropriate public policies to promote intergenerational income mobility in China in the future. This book contributes to the international discussion by providing evidence in Chinese context, and also provides guidance for policymakers attempting to develop more appropriate public policies to promote intergenerational income mobility in China.