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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 … 91st to 95th percentile has not increased since 1983, and the income ratio of the 90th to 10th percentile has barely …
Persistent link: https://www.econbiz.de/10005088619
: 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
“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
rose thereafter, a pattern consistent with technological change driving long term trends in income inequality and mobility …. Greater wealth mobility in recent decades is also consistent with the simultaneous rise in top income shares and relatively …
Persistent link: https://www.econbiz.de/10005087482
The state of Georgia allocated most of its land to the public through a system of lotteries. These episodes provide unusual opportunities to assess the long-term impact of large shocks to wealth, as winning was uncorrelated with individual characteristics and participation was nearly universal...
Persistent link: https://www.econbiz.de/10010692206
This paper examines the distributional implications of introducing additional means testing of Social Security benefits where proceeds are used to help balance Social Security's finances. Benefits of the top quarter of households ranked according to the relevant measure of means are reduced...
Persistent link: https://www.econbiz.de/10010951055
point to which his book has guided us. The main path to follow is the income inequality history so well paved by Piketty and …'s emphasis on wealth, capital, and the rate of return. Following the income route to better inequality predictions requires … 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
A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But … our results raise doubts by creating a direct link between macro productivity growth and the micro evolution of the income … distribution. We show that over the entire period 1966-2001, as well as over 1997-2001, only the top 10 percent of the income …
Persistent link: https://www.econbiz.de/10005089202
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
This paper studies the relation between inequality and welfare in a general- equilibrium model in which people can choose to be either producers or preda- tors. We assume some people (the privileged) are well endowed with human capital and other people (the unprivileged) are poorly endowed with...
Persistent link: https://www.econbiz.de/10005575782