Development of an intergenerational wealth mobility framework for Pakistan
The study is an endeavor to calculate the mobility of wealth across generations. The study is aimed to provide useful insights in the determinants of wealth linked in a manner that enables the calculation of wealth at single point in time (i.e. at the age of the eighteen and at the age of thirty).
Pakistan is a developing country with high unemployment rate, slow economic growth, inefficient Zakat system, and increasing poverty rate. Pakistan is facing different problem to achieve the sustainable development goals. The 21th century goals are to eradicate extreme poverty and hunger, insure environmental sustainability, reduce corruption rate, inclusive economy, concentration of wealth, equal distribution of wealth. The proposed framework of intergenerational wealth mobility will help to minimize the poverty, evasion of taxation system, effective and efficient Zakat system as well as reduces the level of money laundering and corruption rates in Pakistan. In a while examine by (Shehzadi, Mohammad and Shah 2012).
The significance of the study relates to development of the framework that measures the intergenerational wealth mobility in Pakistan.
Article Analytics Summary
Becker, G. S. 1974. "A Theory of Social Interactions." Journal of Political Economy 82 (6) 1063-1093.
Blanden, Jo. 2009. "Intergenerational Income mobility in a Comparative Perspective." Surrey Research Insight.
Blau, and Duncan. 1967. "he American Occupational Structure." New York: John Wiley&Sons.
Castells-Quintana, David, and Vicente Royuela. 2012. "Unemployment and long-run economic growth: The role of income inequality and urbanisation." Investigaciones Regionales,.
Chetty, Raj, Nathaniel Hendren, Patrick Kline, and Emmanuel Saez. 2014. "Is the United States Still a Land of Opportunity?" American Economic Review.
COHEN, and ADREA. 2008. "Economic Links and Predictable Returns." THE JOURNAL OF FINANCE.
Collins, patricia hill. 1998. parren mitchell Art socilogy #146.
Corak, Miles. 2013. " income inequality and equality of oppertunity and Intergenerational Mobility." Journal of Economic Perspectives.
Daniel, McMorran, Isabel V. Sawhill, Sharon Griffin, Yukari Okamoto, Anne McKeough, Charles Bleiker,
Eide, Eric R., and Mark H. Showalter. 1999. "Factors Affecting the Transmission of Earnings across Generations: A Quantile Regression Approach." The Journal of Human Resources.
Enrico Moretti, Gordon Hanson, and Ulrike Malmendier. 2015. "The Journal of Economic Perspectives." A journal of the American Economic Association.
Fletcher, Michael, and Ben Guttmann. 2013. "Income inequality in Australia." Economic Round-up .
Grawe, Nathan D. 2004. "The 3-day Week of 1974 and Earnings Data Reliability in the Family Expenditure Survey and the National Child Development Study." " Oxford Bulletin of Economics and Statistics,.
Grusky, David B & Robert M.Huser. 1984. ""Comparative Social Mobility Revisited: Models of Convergence and Divergence in 16 Countries"." american socilogical Review.
Hazelrigg, Joseph, and Lopreato Lawrence E. 1970. "Intragenerational Versus Intergenerational Mobility in Relation to Sociopolitical Attitudes." oxford journel.
Hout, Michael. 1988. "More Universalism, Less Structural Mobility: The American Occupational Structure in the 1980s." The Amercian Journel of Sociology.
Jo Blanden, Paul Gregg, and Lendsy Micmillan. 2007. "Accounting for Intergenerational Income Persistence: Noncognitive Skills, Ability and Education*." The economic Journel.
Samuel Bowles, and Herbert Gintis. 2002. "Social Capital And Community Governance." The Economic Journel.
Sandra E. Black, Paul J. Devereux. 2010. Recent Developments in Intergenerational Mobility. http://www.nber.org/papers/w15889.
Shehzadi, W. Mohammad, and S. A. Shah. 2012. "Effect of tillage, rotation and crop residues on wheat crop productivity, fertilizer nitrogen and water use efficiency and soil organic carbon status in dry area (rainfed) of north-west Pakistan." Journal of soil science and plant nutrition.
Solon, Gary. 2002. "Cross-Country Differences in." Journal of Economic Perspectives 59-66.
Torche, Florencia. 2015. "Analyses of Intergenerational Mobility." An interdisciplinary Review.
Weber, Max,Gerth, Hans Heinrich, -, and C. Wright Mills. 1946. social sience. Accessed 2017. https://archive.org/details/frommaxweberessa00webe.
CSRC Publishing and JBSEE adhere to Creative Commons Attribution-Non Commercial 4.0 International License. The authors submitting and publishing in JBSEE agree to the copyright policy under creative common license 4.0 (Attribution-Non Commercial 4.0 International). Under this license, the authors published in JBSEE retain the copyright including publishing rights of their scholarly work and agree to let others remix, tweak, and build upon their work non-commercially. All other authors using the content of SBSEE are required to cite author(s) and publisher in their work. CSRC Publishing and JBSEE follow an Open Access Policy for copyright and licensing.