Published Online:July 2024
Product Name:The IUP Journal of Applied Economics
Product Type:Article
Product Code:
Author Name:Anil Kumar Bharti and Susanta Nag
Availability:YES
Subject/Domain:Economics
Download Format:PDF
Pages:20
Intergenerational human capital transmission refers to the transfer of individual abilities and outcomes from parents to children. It depicts the causal effect of the level of human capital in one generation on that of another. The present study examines the intergenerational transmission of human capital in terms of education from parents to children and the impact of the same on intergenerational occupational mobility in India, employing India Human Development Survey (IHDS) data. Based on chi-square test, predicted probability and ordinal logistic regression model, it is concluded that educational mobility among children’s generation is one of the important determinants of their occupational mobility. The study also found a significant association between the education and occupation of sons and that of their fathers, i.e., the likelihood of a son to be in higher occupation category is higher if the father has higher occupation, higher education and a better standard of living
The existence of a strong correlation between a nation’s occupational structure and its economic development is well documented (Anikin, 2013; and Marks et al., 2020). The manner in which the occupational structure has evolved over the generations and the distribution of the working class across a variety of occupations are both significant indicators of a nation’s economic development (Guha and Roy, 2022). There is evidence that individuals vary significantly in their economic wellbeing. Historically, it was believed that the reason for this disparity in economic wellbeing is the variations in the tangible assets that individuals own. However, it is now evident that intangible factors also have a significant impact on economic wellbeing. These intangible factors, such as education, are strongly linked to income and play a crucial role in determining the economic wellbeing among individuals (Becker, 1962). This indicates that an individual’s level of education and skills greatly influence the choices of their occupations.