Yajing Jiang and her coauthors study the intergenerational educational mobility in developing economies. Using data sets that are free from the well-known co-residency biases, they find that fathers’ non-agricultural occupation and education were complementary to determining sons’ schooling choices in rural India, but separable in rural China. Additionally, sons face lower occupational mobility in rural India than in rural China, irrespective of fathers’ occupation. The differences in the returns to education in the agricultural/non-agricultural occupations could possibly explain the divergent findings in these two economies.
“Suite dreams”: Market definition and complementarity in the digital age
Certain products exhibit such strong complementarities that they should not be evaluated separately. For example, consider a pair of shoes or the various...