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considered: total wealth; an annualized measure of AIME; the wealth value of pensions; and a measure of average indexed lifetime … W2 earnings. The empirical analysis is based on data from the Health and Retirement Study. These means tests would …
Persistent link: https://www.econbiz.de/10010951055
's emphasis on wealth, capital, and the rate of return. Following the income route to better inequality predictions requires … point to which his book has guided us. The main path to follow is the income inequality history so well paved by Piketty and … merging his team's history of top income shares with the history of inequality movements within the lower 90 percent. It also …
Persistent link: https://www.econbiz.de/10010951213
“Multigenerational mobility” refers to the associations in socioeconomic status across three or more generations. This article begins by summarizing the longstanding but recently growing empirical literature on multigenerational mobility. It then discusses multiple theoretical...
Persistent link: https://www.econbiz.de/10011213643
The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet controversial. This article elaborates the often-implicit justifications for separate treatment and provides a more express statement of how and when such treatment is appropriate....
Persistent link: https://www.econbiz.de/10005248951
Previous studies of recent U.S. trends in intergenerational income mobility have produced widely varying results … Income Dynamics, we generate more reliable estimates of the recent time-series variation in intergenerational mobility. Our …
Persistent link: https://www.econbiz.de/10005084935
: changes in labor's share of income; inequality at the bottom of the income distribution, including labor mobility; skill … in the income distribution, particularly at the top. We conclude that changes in labor's share play no role in rising … inequality of labor income; by one measure labor's income share was almost the same in 2007 as in 1950. Within the bottom 90 …
Persistent link: https://www.econbiz.de/10005085152
In cross-sectional studies, countries with greater income inequality typically exhibit less support for government …
Persistent link: https://www.econbiz.de/10009395461
The marginal social value of income redistribution is understood to depend on both the concavity of individuals …' utility functions and the concavity of the social welfare function. In the pertinent literatures, notably on optimal income … symmetric with regard to the social concern about inequality in the distribution of income. Direct examination of the question …
Persistent link: https://www.econbiz.de/10005718301
Interest in economic mobility stems largely from its perceived role as an equalizer of opportunities, though not necessarily of outcomes. In this paper we show that this view leads very naturally to a methodology for the measurement of social mobility which has strong parallels with the theory...
Persistent link: https://www.econbiz.de/10005829244
poor reflects the joint impact of education on both economic and health outcomes, some of which are driven by the … between the growth rates of real median household income and of private sector productivity. This paper shows that a … mean vs. median income, and in the income share of the top one percent of the income distribution. The income share of the …
Persistent link: https://www.econbiz.de/10005088619