Great Gatsby and the Global South
Intergenerational Mobility, Income Inequality, and Development

Focuses on economic mobility and inequality, discussing the 'Great Gatsby Curve', the relationship between mobility and inequality.

Diding Sakri (Author), Andy Sumner (Author), Arief Anshory Yusuf (Author)

9781009382724, Cambridge University Press

Paperback, published 30 April 2023

75 pages
27 x 18 x 0.7 cm, 0.15 kg

In the Global South economic mobility across generations or intergenerational economic mobility is in and of itself an important topic for research with consequences for policy. It concerns the 'stickiness' or otherwise of inequality because mobility is concerned with the extent to which children's economic outcomes are dependent on their parents' economic outcomes. Scholars have estimated levels of intergenerational mobility in many developed countries. Fewer estimates are available for developing countries, where mobility matters more due to starker differences in living standards. This Element surveys the area, conceptually and empirically; it presents a new estimate for a developing country, namely Indonesia; it discusses the 'Great Gatsby Curve' and highlights the different positions of developed and developing countries. Finally, it presents a theoretical framework to explain the drivers of mobility and the stickiness or otherwise of inequality across time. This title is also available as Open Access on Cambridge Core.

1. Introduction
2. Intergenerational Mobility Dynamics, Inequality, and Development
3. Concepts and Measurement of Intergenerational Mobility
4. Empirical Studies of Intergenerational Mobility in Developed Countries
5. Empirical Studies of Intergenerational Mobility in Developing Countries and a new estimate for Indonesia
6. The Great Gatsby Curve
7. A Theoretical Framework for Understanding Intergenerational Mobility Dynamics, Inequality, and Development
8. Conclusion

Subject Areas: Development economics & emerging economies [KCM]