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Immobile Australia : surnames show strong status persistence, 1870-2017

Clark, Gregory; Leigh, Andrew; Pottenger, Mike - 2017

The paper paper estimates long run social mobility in Australia 1870-2017 tracking the status of rare surnames. The status information includes occupations from electoral rolls, and records of degrees awarded by Melbourne and Sydney universities. Status persistence was strong throughout, with an...

Persistent link: https://www.econbiz.de/10011721622

Intergenerational mobility in the land of inequality

Britto, Diogo G. C.; Fonseca, Alexandre; Pinotti, Paolo; … - 2022

We provide the first estimates of intergenerational income mobility for a developing country, namely Brazil. We measure formal income from tax and employment registries, and we train machine learning models on census and survey data to predict informal income. The data reveal a much higher...

Persistent link: https://www.econbiz.de/10013411980

Dynamics of capital accumulation in the US : simulations after Piketty

De Donder, Philippe; Roemer, John E. - 2015

We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a … utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …

Persistent link: https://www.econbiz.de/10010515458

Does a wealth tax improve equality of opportunity?

Berg, Kristoffer; Hebous, Shafik - 2021

Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth … intergenerational data from Norway, focusing on effects on wages rather than capital income. Results suggest that a net wealth of NOK 1 …. The estimated hypothetical wage distribution without the wealth tax is more unequal. Moreover, suggestive evidence …

Persistent link: https://www.econbiz.de/10012597127

Intergenerational transmission of unemployment : evidence for German sons

Mäder, Miriam; Müller, Steffen; Riphahn, Regina T.; … - 2014

This paper studies the association between the unemployment experience of fathers and their sons. Based on German survey data that cover the last decades we find significant positive correlations. Using instrumental variables estimation and the Gottschalk (1996) method we investigate to what...

Persistent link: https://www.econbiz.de/10010417486

Multidimensional equality of opportunity in the United States

Hufe, Paul; Kobus, Martyna; Peichl, Andreas; Schüle, Paul - 2022

measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity …-egalitarian distribution of income until 2000, and (ii) a less opportunity-egalitarian distribution of wealth after the financial crisis in …

Persistent link: https://www.econbiz.de/10013093036

Dynastic human capital, inequality and intergenerational mobility

Adermon, Adrian; Lindahl, Mikael; Palme, Mårten - 2019

We study the importance of the extended family - the dynasty - for the persistence in inequality across generations. We …

Persistent link: https://www.econbiz.de/10012001644

Uncovering Gatsby curves

Bouchard St-Amant, Pier-André; Garon, Jean-Denis; … - 2020

Empirical findings suggest a positive correlation between inequality and social immobility, a phenomenon coined the …

Persistent link: https://www.econbiz.de/10012154893

Social mobility in Germany

Dodin, Majed; Findeisen, Sebastian; Henkel, Lukas; … - 2021

We characterize intergenerational mobility in Germany using census data on educational attainment and parental income for 526,000 children. Our measure of educational attainment is the A-Level degree, a requirement for access to university. A 10 percentile increase in the parental income rank is...

Persistent link: https://www.econbiz.de/10012597896

Don't stop believin' - heterogeneous updating of intergenerational mobility perceptions across income groups

Schwarz, Anna; Warum, Philipp - 2023

This article presents a novel explanation why demand for redistribution on average does not respond to information on low intergenerational mobility. Building on insights from behavioral economics, we expect that incentives to update perceptions of intergenerational mobility change along the...

Persistent link: https://www.econbiz.de/10014321966