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This chapter reviews the existing theories of persistent inequality across generations. The chapter discusses total economic inequality both in wealth and in earnings and focuses on the intergenerational mobility dimension of total inequality. The chapter presents a nonexhaustive, nontechnical...
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A rapidly growing area of economic research investigates the top of the income distribution using data from income tax …
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The main driver of inequality—returns on capital that exceed the rate of economic growth—is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for...
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An extensive literature in the social sciences analyzes peer effects among students, but estimation is complicated by … observations within peer groups noted by Angrist (2014). The field experiment randomly assigns students to one-to-one partnerships … effects but we find some evidence that low-ability peers negatively affect low-ability and medium-ability students. The …
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