| This paper contributes to a rare existing literature on intergeneration mobility in Ghana.To achieve this,the paper was subdivided into two(2)sections.The first section presents the estimation of Intergenerational mobility at the national level as well as the regional level.The study shows that,parents are altruists who invests in the human capita of their children.It is further revealed that,there is a considerable variation in IGM across all the ten(10)regions within the country which sets the crux for the second section of the paper.In the second section,the paper investigates into three(3)factors for the variability in IGM across the regions.These factors include the effect of inequality,mineral resource discovery and openness on IGM.The paper confirms the"Education Great Gatsby" to be valid in Ghana.This paper confirms that,the rate of economic growth also fuels intergenerational since productivity growth is the fundamental factor that drives wages(and,to a lesser extent,per capita living standards).We find a strong negative correlation between education inequality and education intergeneration mobility.This means that,regions with high equality are more likely to recognize individual talents,skills,hard work and abilities.Additionally,the study shows the significantly positive impact of openness on IGM.The paper also employed the Difference-in-Difference(DID)estimator by comparing individuals living in districts of oil regions and non-oil regions before and after oil discovery on or after 2007.In consideration were methods that allow for model uncertainty to identify robust predictors of economic mobility.Our findings suggest a highly significant impact of the oil discovery and extraction on the local economy through its positive impact on expanding educational outcomes.However,the degree of this impact varies significantly among males and females.It is revealed in this study that,the male child benefit more in impact relative to the female child.This finding confirms that,the fact that,sons tend be economically mobile in the Ghanaian setting relative to the female child.In addition,the level of openness,such as the enhance of globalization,increase in FDI and so on may benefit educational outcomes.It is therefore suggested that,measures such as transfer programs,investment in capital,increased spending on education,prompt in openness and progressive tax systems should be intensified to enhance the level of equality.This has the effect of enhancing economic growth thereby helping allocate human resources to their best use. |
