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CASH TRANSFERS, INTERGENERATIONAL MOBILITY, AND THE PROCESS OF DEVELOPMENT
Author(s) -
Murayama Yu
Publication year - 2019
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/boer.12174
Subject(s) - economics , investment (military) , inequality , affect (linguistics) , wage inequality , wage growth , cash , labour economics , cash transfers , wage , transfer (computing) , monetary economics , macroeconomics , mathematical analysis , linguistics , philosophy , mathematics , politics , parallel computing , political science , computer science , law
ABSTRACT We examine how cash transfers affect an individual's education investment, intergenerational mobility, and economic growth. We find that providing larger transfer amounts to higher ability children is desirable to foster growth if the economy has relatively low wage inequality.