The intergenerational inequality of East Asian Economies under education premium: A comparative analysis based on ISSP2009
Shouhao Li, Zhichen Lyu, Xinyi Gu
TL;DR
This paper compares intergenerational inequality in East Asian economies and Western countries, finding that East Asia has lower inequality due to its productivist welfare regime and education premium.
Contribution
The study introduces a comparative analysis of intergenerational inequality under East Asia's productivist welfare regime versus Western regimes.
Findings
East Asian economies show lower intergenerational inequality compared to conservative welfare regimes.
Education premium under productivist regimes partially explains reduced inequality in East Asia.
Father's socioeconomic status has less influence on children's income in productivist regimes.
Abstract
Recent studies have verified that the welfare regime is an important factor influencing intergenerational inequality, with the conservative regime being the most immobile one among the three welfare regimes adopted by western developed countries. Compared with the west, the productivist welfare regime is classified for East Asian economies due to their restrained welfare provision. This paper aims to explore the intergenerational inequality under productivist welfarism and finds that, under a productivist regime, individuals exhibit lower intergenerational inequality than those under a conservative regime, both in terms of father-to-child socioeconomic status and in the influence of fathers’ socioeconomic status on children’s income. Further analysis, grounded in human-capital theory, suggests that the education premium exists under a productivist regime is linked, albeit partially, to…
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Taxonomy
TopicsIntergenerational and Educational Inequality Studies · Social Policy and Reform Studies · Income, Poverty, and Inequality