Inequality and Opportunity: The Relationship Between Income Inequality and Intergenerational Transmission of Income

Pérez‐Arce, Francisco; Amaral, Ernesto F. L.; Huang, Haijing; Price, Carter C.

doi:10.7249/rr1509

Cited by 6 publications

(3 citation statements)

References 125 publications

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“…Several studies conducted in the United States show that inequality of opportunity has a negative impact on income growth for the poor but has a positive impact on the rich (Bradbury & Triest, 2016). Some empirical evidence points to situations where economic inequality and inequality of opportunity are always closely related across time and geographical locations (Perez-Arce et al, 2016). Inequality of opportunity can have a detrimental effect on economic growth as it restricts the accumulation of wealth by the low-income group.…”

Section: Oppurtunitymentioning

confidence: 99%

The Financial Capability of the Millennial Generation during the Pandemic of Covid-19

Ramli¹,

Ibrahim²,

Sarmila³

et al. 2022

IJARBSS

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Good financial management requires strengthening of not only financial literacy skills but also financial skills, financial planning, and financial capability. Prior research has demonstrated that the financial situation of today's millennials is quite daunting, since they confront different financial challenges compared to previous generations. To understand this, the significance of having strong financial literacy and awareness is a point that is frequently underlined. However, the capability for these generations to act financially sound should also be investigated, particularly in the light of COVID-19 pandemic. Thus, the main objective of the study is to determine the factors influencing the financial capability of the millennial generation. The survey method using a random sampling technique was applied in this study. The study sample is the millennial generation who serve as civil servants in the Public Service Department (JPA), Putrajaya. Questionnaires were used as data collection instruments. As a result, a total of 270 respondents were involved in this study. Multi-level regression analysis was used to elucidate the objectives of the study. Preliminary results of the study indicate that the financial capability of the millennial generation is high. Subsequent findings indicate that financial knowledge, financial behavior, motivation, and opportunity have a significant relationship with financial capability. However, the financial knowledge factor has only a small influence on the financial capability of the millennial generation. These findings imply that factors such as financial behavior, motivation, and opportunity need to be considered in order to improve an individual's financial capability. In addition, increasing the opportunities and accessibility of the millennial generation to financial facilities also needs to be given attention. Future studies related to financial capability of the millennial generation could compare between generations based on location of residence (urban and rural areas) and type of occupation (skilled and unskilled).

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Section: Oppurtunitymentioning

confidence: 99%

The Financial Capability of the Millennial Generation during the Pandemic of Covid-19

Ramli¹,

Ibrahim²,

Sarmila³

et al. 2022

IJARBSS

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“…В XXI веке интерес к идеям теории равных возможностей только усилился. В разные годы такие авторитетные международные организации как Всемирный банк [9], Европейский банк реконструкции и развития [10], RAND Corporation [11] посвящали свои отчеты этой тематике. Теория равных возможностей привнесла новую идею в экономическую дискуссию о связи между неравенством и экономическим ростом.…”

Section: социологические обследования ненаблюдаемые факторы неравенст...unclassified

Ненаблюдаемые Факторы Неравенства Возможностей В Эмпирических Исследованиях

Ibragimova¹,

Frants²

2022

ПП

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В статье рассматривается вопрос неполноты информационной базы эмпирических исследований в проблемном поле неравенства возможностей, обусловленный ненаблюдаемостью значительного количества обстоятельств и усилий, что приводит к занижению оценки. Изучается роль факторов семейного бэкграунда, включая полноту родительской семьи, количество братьев и сестер и психологическую атмосферу в родительской семье. Выявлено, что фактор полноты родительской семьи оказывает значительное влияние на оценки неравенства возможностей.

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“…The 21st century saw an increase in interest in the ideas put forth by the theory of equal opportunity. Over the years, authoritative international organizations such as the World Bank [ 9 ], the European Bank for Reconstruction and Development [ 10 ], and the RAND Corporation [ 11 ] have published reports on this topic. The theory of equal opportunity brought a new idea into the economic discussion around the relationship between inequality and economic growth.…”

mentioning

confidence: 99%

Inequality of Opportunity: Unobserved Factors in Empirical Research

Ibragimova

Frants²

2022

Stud. Russ. Econ. Dev.

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The information base of empirical research in the field of inequality of opportunity is discussed. It is shown that the information base is incomplete since many circumstances and efforts remain unobserved, creating an underestimation. The role of family background is studied, including such factors as the integrity of the parental family, the number of siblings, and the psychological atmosphere in the parental family. It is found that the factor of family integrity has a significant impact on estimates for inequality of opportunity.

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Inequality and Opportunity: The Relationship Between Income Inequality and Intergenerational Transmission of Income

Cited by 6 publications

References 125 publications

The Financial Capability of the Millennial Generation during the Pandemic of Covid-19

The Financial Capability of the Millennial Generation during the Pandemic of Covid-19

Ненаблюдаемые Факторы Неравенства Возможностей В Эмпирических Исследованиях

Inequality of Opportunity: Unobserved Factors in Empirical Research

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