Teenage childbearing is a common incident in developed countries. However, teenage births are much more likely in the USA than in any other industrialized country. Most of these births are delivered by female teenagers from low-income families. The hypothesis put forward here is that the welfare state (a set of redistributive institutions) has a significant influence on teenage childbearing behavior. We develop an economic theory of parental investments and the risky sexual behavior of teenagers. The model is estimated to fit stylized facts about income inequality, intergenerational mobility, and the sexual behavior of teenagers in the USA. The welfare state institutions are introduced via tax and public education expenditure functions derived from US data. In a quantitative experiment, we impose Norwegian taxes and education spending in the economic environment. The Norwegian welfare state institutions go a long way in explaining the differences in teenage birth rates between the USA and Norway.

Several decades ago, Sig Prais concluded that the root cause of the UK’s poor industrial performance was the poor quality of education and training. In this lecture, I will make a related argument, focussing on the lack of opportunity in the United Kingdom for workers who have not succeeded in the formal education system and the long-lasting impacts this has on their economic, health and social wellbeing. I will highlight the importance of providing opportunities for continued training over a worker’s lifetime for appropriate skills that are valued in the workplace in order to achieve inclusive growth.

Home ownership is the largest component of wealth for most households and its intergenerational transmission underpins the production and reproduction of economic inequalities across generations. Yet, little is currently known about ethnic differences in the intergenerational transmission of housing tenure. In this paper, we use linked Census data covering 1971–2011 to document rates of intergenerational housing tenure mobility across ethnic groups in England and Wales. We find that while home ownership declined across all ethnic groups during this period, there were substantial differences between them. Black, Pakistani, and Bangladeshi households experienced the strongest intergenerational link between parent and child housing tenure, and Black individuals had the highest rates of downward housing mobility. In contrast, those of Indian origin had homeownership rates similar to White British families, and a weaker link between parent and child housing tenure. These patterns are likely to exacerbate existing gradients in other dimensions of ethnicity-based inequality, now and in the future.

An impediment to Malaysia’s drive for knowledge economy status is thought to be a very high rate of labour mobility — overseas, to Singapore, and inter-firm — by knowledge workers, particularly engineers. While a strong external labour market may be a sign of economic dynamism, very high turnover rates may indicate a failure of the sort of organisational attachment among professionals that is needed to foster organisational learning. Moreover a ‘brain drain’ from the country of Malaysian-educated engineers remains an ongoing concern. Although this phenomenon is popularly attributed to the ‘job-hopping’ propensities of young Malaysians, it is argued here that firms, through their human resource management (HRM) practices, have an important role to play in encouraging stronger rates of knowledge worker retention. The article reports on research findings indicating varying levels of organisational commitment by a sample of Malaysian engineers. It examines possible links between high turnover and HRM approaches that afford employees few other forms of voice than exiting the firm. Evidence is provided that employee participation in decision-making, particularly relating to training and development, and the perceived fairness of performance appraisal practices, contribute to feelings of perceived organisational support (POS), and that this sense of support influences engineers’ commitment and thus turnover intentions.

Informed by autonomist perspectives on precarious work and labour subjectivity, this article discusses the dynamics between autonomy and job precarity. Based on purposive sampling, the qualitative findings, drawn from interviews with precarious workers aged 18–29 years in Hong Kong, reveal tensions among four types of aspirations. First, the desire for achieving freedom and individual ambition in work made the respondents critical of the notion of employment-related stability. Second, a determination to break with mainstream career paths empowered young people to take alternative pathways to new modes of work and life. Third, precarious employment was seen as a stepping stone for realising plans for travel or study. Finally, tolerance of precarity was perceived as a transitional stage in their striving for future stability. However, the findings also show the structured dilemmas experienced by young workers regarding the complex relationship between autonomy and precarity in a neoliberal labour market. Some young workers pursued work–life autonomy, constrained by precarious employment relations, acknowledging and bearing the costs, while some strategically used precarity in individual negotiations with employers to realise their goals. This article analyses young workers’ subjectivity through the lenses of autonomy and age and pushes the boundary of precarity studies beyond an implicit dichotomy between determinism and voluntarism.

Policy discourse surrounding Britain’s unusually well-resourced private schools surrounds their charitable status and their relationship with low social mobility, but informative evidence is scarce. We present estimates of the extent to which private and external benefits at age 25 are associated with attendance at private school in England in the 21st century. We find a weekly wage premium of 17 percent, and a 12 percentage point lower chance of downward social mobility. By contrast, private schooling is not significantly associated with participation in local voluntary groups, unpaid voluntary work, or charitable giving and fundraising; this finding casts doubt on claims that private schools deliver ‘public benefit’ in this way.

This paper summarizes recent developments in Dutch occupational pensions of both the defined contribution and defined benefit (DB) types. A reform of DB schemes is discussed that introduces financial assets as individual entitlements. At the same time, the reformed schemes derive (dis)saving, financial risk management and insurance decisions from the explicit objective of adequate and stable lifelong retirement income. The proposed system also involves an insurance contract pooling longevity risks and possibly collective buffers that share systematic risks with future pension savers. The paper identifies the strengths and weaknesses of the Dutch contract design and draws lessons for other countries.

Using a rich micro dataset drawn from administrative archives, we explore whether Social Security Wealth (SSW) is an important factor affecting the decision to become self-employed. We focus on the two main categories of self-employed professions covered by the Italian public pension system: craftsmen and shopkeepers. We use the large exogenous variation in individual expected SSW that occurred as a result of the policy reform process undertaken in Italy during the 1990s to identify the effect of this variable and we study how the probability of being self-employed or employed depends, amongst other things, on the difference in the expected SSW that accrues under the two alternative employment scenarios. Our key finding is that a higher difference in expected SSW from self-employment compared with employment has a positive effect on the probability of being self-employed and on the probability of switching to self-employment, whereas it has a negative effect on the probability of switching from self-employment to employment.

To improve the design of the pay-out phase of DC plans, this paper proposes a new approach to structure pension products: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of heterogeneous individuals. Unlike variable annuities, PPRs allow investment risks to be combined with longevity insurance without giving rise to high year-on-year volatility in consumption streams or opaque and rigid valuation and smoothing rules. The synthesis of a PPR structure provides new opportunities for product innovation and for the comparison of retirement products.

The effects of working part time on job downgrading and upgrading are examined over the life course of British women born in 1958. We use longitudinal data with complete work histories from a large-scale nationally representative cohort study. Occupations were ranked by their hourly average earnings. Analyses show a strong link between full-time/part-time transitions and downward and upward occupational mobility over the course of up to thirty years of employment. Probabilities of occupational mobility were affected by women's personal traits, occupational characteristics and demand-side factors. Downward mobility on moving from full-time to part-time work was more likely for women at the top levels of the occupational hierarchy working in male-dominated or mixed occupations and less likely in higher occupations with more part-time jobs available.

This paper argues that evidence-based policy has clearly made a worldwide impact, at least at the rhetorical and institutional levels, and in terms of analytical activity. The paper then addresses whether or not evidence-based policy evaluation has had an impact on policy formation and public service delivery. The paper uses a model of research-use that suggests that evidence can be used in instrumental, conceptual and symbolic ways. Taking four examples of the use of evidence in the UK over the past decade, this paper argues that evidence can be used instrumentally, conceptually and symbolically in complementary ways at different stages of the policy cycle and under different policy and political circumstances. The fact that evidence is not always used instrumentally, in the sense of “acting on research results in specific, direct ways” (Lavis et al., 2003, p. 228), does not mean that it has little or no influence. The paper ends by considering some of the obstacles to getting research evidence into policy and practice, and how these obstacles might be overcome.

This paper examines the influences of parental social status, childhood cognitive ability, school motivation and education on social status attainment in early adulthood. Using Structural Equation Modelling (SEM), a pathway model of transgenerational status attainment is conceptualised, taking into account the context as well as the timing of individual status transitions. The subjects were 3104 men and 3229 women who participated in the 1958 National Child Development Study and 3049 men and 2692 women from the 1970 British Cohort Study, following their lives from childhood to their mid-thirties. The findings suggest that in both cohorts the number of years spent in full-time education is by far the most important determinant of status attainment among men and women and that there are persistent social inequalities in status attainment. The findings furthermore confirm the hypothesis that social background and cognitive ability are partially mediated through school motivation and education, opening up leverage for possible interventions.

This article seeks evidence on trends in intergenerational income for cohorts born after 1970. As many of these cohorts have not yet joined the labour market, we must look at relationships between intermediate outcomes (degree attainment, test scores and non-cognitive abilities) and parental income to forecast forward from these to estimates of intergenerational earnings correlations. We find no evidence that the relationship between these intermediate outcomes and parental income have changed for more recent cohorts. Evidence from the earlier 1958 and 1970 cohorts shows that as mobility declined in the past the relationship between intermediate outcomes and parental income strengthened. We therefore conclude that, under realistic assumptions and in the absence of any significant unanticipated changes, the decline in intergenerational mobility that occurred between 1958 and 1970 birth cohorts is unlikely to continue for cohorts born from 1970 to 2000. Mobility is therefore likely to remain at or near the relatively low level observed for the 1970 birth cohort.

L’article étudie l’effet de l’émigration des travailleurs sur la distribution de la richesse d’une petite économie où les travailleurs sont confrontés à des difficultés d’accès au marché du crédit. Les migrants s’enrichissent en travaillant à l’étranger puis lèguent leur richesse à leurs descendants en revenant dans leur pays d’origine. Une plus grande proportion de travailleurs de la génération suivante deviennent entrepreneurs. Si l’émigration n’est pas trop restreinte, le salaire augmente et la structure du marché du travail est modifiée. L’accumulation de richesse est tirée vers le haut. Ainsi l’émigration temporaire peut conduire un pays en voie de développement hors d’un «piège de la pauvreté».