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The Fading American Dream : Trends in Absolute Income Mobility Since 1940

Chetty, Raj - 2016

We estimate rates of “absolute income mobility” – the fraction of children who earn more than their parents – by combining historical data from Census and CPS cross-sections with panel data for recent birth cohorts from de-identified tax records. Our approach overcomes the key data...

Persistent link: https://www.econbiz.de/10012977635

Divergent Paths : Structural Change, Economic Rank, and the Evolution of Black-White Earnings Differences, 1940-2014

Bayer, Patrick J. - 2016

This paper presents new evidence on the evolution of black-white earnings differences among all men at different points in the distribution. We study two dimensions of earnings gaps: the black-white difference in earnings; and the difference between a black man's position in the black earnings...

Persistent link: https://www.econbiz.de/10012979370

Inequality and Happiness : Are Europeans and Americans Different?

Alesina, Alberto; Di Tella, Rafael; MacCulloch, Robert - 2021

US. There are two potential explanations. First, Europeans prefer more equal societies (inequality belongs in the utility …

Persistent link: https://www.econbiz.de/10013226162

Happiness Adaptation to Income Beyond "Basic Needs"

Di Tella, Rafael; MacCulloch, Robert - 2021

We test for whether, once "basic needs" are satisfied, there is happiness adaptation to further gains in income using three data sets. Individual German Panel Data from 1985-2000, and data on the well-being of over 600,000 people in a panel of European countries from 1975-2002, shows different...

Persistent link: https://www.econbiz.de/10013237594

"Beauty is the Promise of Happiness"?

Hamermesh, Daniel S. - 2011

We measure the impact of individuals' looks on life satisfaction/happiness. Using five data sets, from the U.S., Canada …, the U.K., and Germany, we construct beauty measures in different ways that allow placing lower bounds on the effects of … additional satisfaction/happiness among men, 0.12 among women. Accounting for a wide variety of covariates, particularly effects …

Persistent link: https://www.econbiz.de/10013121060

Race Matters : Income Shares, Income Inequality, and Income Mobility for All U.S. Races

Akee, Randall - 2017

This paper presents income shares, income inequality, and income immobility measures for all race and ethnic groups in the United States using the universe of U.S. tax returns matched at the individual level to U.S. Census race data for 2000–2014. Whites and Asians have a disproportionately...

Persistent link: https://www.econbiz.de/10012948918

The Great Escape : Intergenerational Mobility in the United States Since 1940

Hilger, Nathaniel G. - 2015

I develop a method to estimate intergenerational mobility (IM) in education on large cross-sectional surveys and apply the method to U.S. census data from 1940 to 2000. The method estimates IM directly for children age 26-29 who still live with parents and adjusts for independent children using...

Persistent link: https://www.econbiz.de/10013021878

The Effects of Income Mobility and Tax Persistence on Income Redistribution and Inequality

Agranov, Marina - 2016

We explore the effect of income mobility and the persistence of redistributive tax policy on the level of redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax rate and the degree of after-tax inequality are...

Persistent link: https://www.econbiz.de/10012980675

Earnings Inequality and Mobility Trends in the United States : Nationally Representative Estimates from Longitudinally Linked Employer-Employee Data

Abowd, John M. - 2019

Using earnings data from the U.S. Census Bureau, this paper analyzes the role of the employer in explaining the rise in earnings inequality in the United States. We first establish a consistent frame of analysis appropriate for administrative data used to study earnings inequality. We show that...

Persistent link: https://www.econbiz.de/10012902136

Mobility as Progressivity : Ranking Income Processes According to Equality of Opportunity

Bénabou, Roland; Ok, Efe A. - 2021

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/10013219288