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We extend the Becker-Tomes model of intergenerational educational mobility to a rural economy characterized by occupational dualism (farm vs. nonfarm) and provide a comparative analysis of rural China and rural India. The model provides a micro-foundation for the widely used linear-in-levels estimating equation. Returns to education for parents and...
Contexts in source publication
Context 1
... picture for rural China is different (please see figure 4). The evidence in Table 2 shows that there is no statistically significant difference across the farm and nonfarm households in the intercepts of the intergenerational persistence regressions (p-values are 0.279 (IGRC intercept) and 0.43 (IRC intercept)). ...
Context 2
... contrast, the intercept in India is significantly higher for the farm households. When The picture for rural China is different (please see figure 4). The evidence in Table 2 shows that there is no statistically significant difference across the farm and nonfarm households in the intercepts of the intergenerational persistence regressions. ...
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