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What Do We Know So Far about Multigenerational Mobility?
Solon, Gary - National Bureau of Economic Research (NBER) - 2015
“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
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Controversies about the Rise of American Inequality: A Survey
Gordon, Robert J.; Dew-Becker, Ian - National Bureau of Economic Research (NBER) - 2008
This paper provides a comprehensive survey of seven aspects of rising inequality that are usually discussed separately: changes in labor's share of income; inequality at the bottom of the income distribution, including labor mobility; skill-biased technical change; inequality among high incomes;...
Persistent link: https://www.econbiz.de/10005085152
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Women, Wealth and Mobility
Edlund, Lena; Kopczuk, Wojciech - National Bureau of Economic Research (NBER) - 2007
The extent of and changes in inter-generational mobility of wealth are central to understanding dynamics of wealth …-made wealth in the economy and thus the gender-composition of the wealthiest may serve as a proxy for inter-generational wealth … mobility. This proxy for "dynastic wealth'' suggests that wealth mobility in the past century decreased until the 1970s and …
Persistent link: https://www.econbiz.de/10005087482
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Up from Poverty? The 1832 Cherokee Land Lottery and the Long-run Distribution of Wealth
Bleakley, Hoyt; Ferrie, Joseph P. - National Bureau of Economic Research (NBER) - 2013
unusual opportunities to assess the long-term impact of large shocks to wealth, as winning was uncorrelated with individual … these episodes to examine the idea that the lower tail of the wealth distribution reflects in part a wealth-based poverty … trap because of limited access to capital. Using wealth measured in the 1850 Census manuscripts, we follow up on a sample …
Persistent link: https://www.econbiz.de/10010692206
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Misperceptions About the Magnitude and Timing of Changes in American Income Inequality
Gordon, Robert J. - National Bureau of Economic Research (NBER) - 2009
The rise in American inequality has been exaggerated both in magnitude and timing. Commentators lament the large gap between the growth rates of real median household income and of private sector productivity. This paper shows that a conceptually consistent measure of this growth gap over 1979...
Persistent link: https://www.econbiz.de/10005088619
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The Effect of Education Policy on Crime: An Intergenerational Perspective
Meghir, Costas; Palme, Mårten; Schnabel, Marieke - National Bureau of Economic Research (NBER) - 2012
The intergenerational transmission of human capital and the extent to which policy interventions can affect it is an issue of importance. Policies are often evaluated on either short term outcomes or just in terms of their effect on individuals directly targeted. If such policies shift outcomes...
Persistent link: https://www.econbiz.de/10010969389
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Labor Market Frictions, Firm Growth, and International Trade
Fajgelbaum, Pablo D. - National Bureau of Economic Research (NBER) - 2013
This paper develops a model to study the aggregate effects of labor market frictions in an open economy through their impact on the growth and investment decisions of firms. The model features interactions between firms' dynamic fixed investments in exporting and search frictions with job-to-job...
Persistent link: https://www.econbiz.de/10010950980
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Aspirations and Inequality
Genicot, Garance; Ray, Debraj - National Bureau of Economic Research (NBER) - 2014
This paper develops a theory in which society-wide economic outcomes shape individual aspirations, which affect the investment incentives of individuals. Through its impact on investments, aspirations in turn affect ambient social outcomes. We explore this two-way link. A central feature is that...
Persistent link: https://www.econbiz.de/10010951084
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Shocking Behavior : Random Wealth in Antebellum Georgia and Human Capital Across Generations
Bleakley, Hoyt; Ferrie, Joseph P. - National Bureau of Economic Research (NBER) - 2013
Does the lack of wealth constrain parents' investments in the human capital of their descendants? We conduct a fifty …-year followup of an episode in which such constraints would have been plausibly relaxed by a random allocation of wealth to families … participation among adult white males. Winners received close to the median level of wealth - a large financial windfall orthogonal …
Persistent link: https://www.econbiz.de/10010951333
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Trade Adjustment: Worker Level Evidence
Autor, David; Hanson, Gordon; Song, Jae; Dorn, David - National Bureau of Economic Research (NBER) - 2013
In the past two decades, China's manufacturing exports have grown spectacularly, U.S. imports from China have surged, but U.S. exports to China have increased only modestly. Using representative, longitudinal data on individual earnings by employer, we analyze the effect of exposure to import...
Persistent link: https://www.econbiz.de/10010951444