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inequality. We show that the correlation between mobility and inequality depends on which factor caused the change in inequality …. The model can thus help discriminate between different competing explanations of the recent rise in US wage inequality … correlation between wage inequality and mobility. Public subsidies to education reduce inequality, but the effect on mobility is …
Persistent link: https://www.econbiz.de/10005136647
evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real … reduce wealth inequality; 6) changes in permanent income do not explain a substantial portion of the growing gap between low-wealth …
Persistent link: https://www.econbiz.de/10005077085
Do students benefit from compulsory schooling? Researchers using changes in compulsory schooling laws as instruments have typically estimated very high returns to additional schooling that are greater than the corresponding OLS estimates and concluded that the group of individuals who are...
Persistent link: https://www.econbiz.de/10005791839
We examine a "Rotten Kid" model (Becker 1974) where a player with social preferences interacts with an egoistic player. We assume that social preferences are intention-based rather than outcome-based. In a very general multi-stage setting we show that any equilibrium must involve mutually unkind...
Persistent link: https://www.econbiz.de/10008468559
use real wages. To understand the implications of this finding for changes in well-being inequality I use a simple general … increase in well-being inequality even if the increase in real wage inequality is limited. Alternatively, it is possible that … that the increase in well-being inequality between 1980 and 2000 is smaller than the increase in nominal wage inequality. …
Persistent link: https://www.econbiz.de/10005136498
. In the short run, cloning reduces inequality. In the long run, it creates a perfectly egalitarian society where all … necessarily eliminate inequality; nor does it disappear in the long run. Finally, if fertility is negatively correlated with …
Persistent link: https://www.econbiz.de/10005792154
Household Income and Wealth, which has data on real estate transfers and information on potential donors as well as recipients …. Our sample includes data on 34,885 owners of real estate wealth and 120,686 potential donors. Differences …-in-differences estimates indicate that the abolition of estate taxes has increased the propensity to transfer real estate wealth by about 2 …
Persistent link: https://www.econbiz.de/10008530348
The intergenerational elasticity of income is considered one of the best measures of the degree to which a society gives equal opportunity to its members. While much research has been devoted to measuring this reduced-form parameter, less is known about its underlying structural determinants....
Persistent link: https://www.econbiz.de/10008530361
Based on a model of two-stage life cycle, this paper investigates and measures intergerational relationships in lifetime earnings. Using data from PSID, I have found that the lifetime earnings transmission equation is non-linear. The elasticity of a son's lifetime earnings with respect to his...
Persistent link: https://www.econbiz.de/10005125724
A state school system should be expected to reduce income inequality and to make intergenerational mobility easier. It … is therefore somewhat surprising to observe that Italy, in comparison to the United States, displays less inequality …
Persistent link: https://www.econbiz.de/10005136455