00000caa a22000003i 4500 UP-1685594773862409045 Buklod 20210430133003.0 m | | ta 210430s2018 xx a b |||| u|eng d 16551516 (iLib)UPBAG-00039956725 DML BAG rda eng ARTICLE-3323 Dacuycuy, Lawrence B. author. Social mobility in the Philippine labor market Lawrence B. Dacuycuy. 2018. pages [1]-40 illustrations 25 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references (pages 35-39). In this paper, we focus on the measurement and characterization of social mobility in the Philippine labor market using standard methodologies. First, we ascertain the degree to which intergenerational wage mobility can be measured using available survey data. Second, using a simple regression based approach, we determine the extent to which wages are persistent on the part of sons and daughters relative to fathers? wage outcomes. Third, we highlight the role of parental education and measure how the labor market rewards or penalizes labor market participants. Fourth, we examine the statistical importance of parental educational achievements relative to their children using the ordered probability model. The paper finds wage persistence. Transition probabilities show that persistence is observed at the lowest and highest quintiles of the wage distribution. The transition probabilities show that persistence is not uniformly observed throughout the reference distribution. Returns to education among the well-educated sons and daughters remain high, and parental education continues to determine the relative magnitudes of wage gains and penalties. Children of highly educated fathers expectedly reap wage gains while those whose fathers have finished no more than high school education suffer from wage penalties. Parental education profiles determine a child?s educational achievements. Results indicate that children with college educated parents tend to graduate from college with high likelihood of success. In terms of resources, nonlabor income will only boost the probability of being a college graduate, with the rest of the education outcomes registering negative effects. Finally, consistent with the literature, children from non-poor households have higher likelihood to graduate from high school and college compared with their counterparts from poor households. Social mobility. Labor market Philippines. The Philippine Review of Business and Economics Vol. LV, Nos. 1 and 2, (June and December 2018), p. [1]-40. Request full-text access via UPB University Library through https://forms.gle/KZjBv7aRtY6jiL5E9 (viewed 30 April 2021) UPBAG UPBAG-MAIN ARTICLE-3323 Analytics