More professionals in science, engineering and technology, more intergenerational income mobility in Latin America

Authors

  • Susana Herrero-Olarte Universidad de Las Américas Quito (Ecuador)

DOI:

https://doi.org/10.26754/ojs_ried/ijds.785

Keywords:

intergenerational income mobility, creative class, science careers, skills mismatch

Abstract

Intergenerational income mobility (IIM) is the ability to change social class regardless of social class of origin. While in Latin America the IIM is especially low, a new creative class has managed to reach the highest deciles in the region, without necessarily belonging to the ruling class. Given that creatives in Science, Engineering and Technology (SET) are especially well paid and there is an excess of demand from the labor market, we hypothesized that the increase in professionals in SET would increase IIM in Latin America. The methodology applied has two steps: first, we classified 72 countries in the world into three groups according to their IIM —7 are Latin American—; second, we estimate an ordered probit to know if the publications in SET (as a proxy of the professionals of these careers) affect the probability that the Latin American countries considered pass from one group to another. The results confirm the hypothesis.

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Published

2024-05-08

How to Cite

Herrero-Olarte, S. (2024). More professionals in science, engineering and technology, more intergenerational income mobility in Latin America. Iberoamerican Journal of Development Studies, 13(1), 6–25. https://doi.org/10.26754/ojs_ried/ijds.785

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