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สถาบันวิจัยเศรษฐกิจป๋วย อึ๊งภากรณ์
Puey Ungphakorn
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Call for Papers: PIER Research Workshop 2025
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Discussion Paperdp
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Year
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21 July 2020
20201595289600000
No. 142

All I Have to Do Is Dream? The Role of Aspirations in Intergenerational Mobility and Well-Being

Abstract

We study the determinants and consequences of educational and occupational aspirations. Basing our enquiry on the British NCDS 1958 cohort data, we assess the importance of aspirations for social mobility above and beyond other established determinants. We document educational and occupational inequalities in young individuals' aspirations, whereby parental aspirations are a strong predictor of children's aspiration-levels. While we find a positive correlation between aspirations and later achievement, we also provide evidence for reduced well-being in adulthood if aspirations in adolescence were higher than actual achievements later in life.

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JEL: I21I24J62O15
Tags: aspirationsintergenerational mobilitylife satisfactionlongitudinal studycamsis scoreuk
The views expressed in this workshop do not necessarily reflect the views of the Puey Ungphakorn Institute for Economic Research or the Bank of Thailand.
Nuarpear Lekfuangfu
Nuarpear Lekfuangfu
Universidad Carlos III de Madrid
Reto Odermatt
Reto Odermatt

Puey Ungphakorn Institute for Economic Research

273 Samsen Rd, Phra Nakhon, Bangkok 10200

Phone: 0-2283-6066

Email: pier@bot.or.th

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