Measures of income inequality based on current income are well known to overstate lifetime income inequality for two reasons: intracohort mobility and the shape of the age-earnings profile. Utilizing the concept of age equivalence scales along with varying assumptions concerning the extent of...

Measures of income inequality based on current income are well known to overstate lifetime income inequality for two reasons: intracohort mobility and the shape of the age-earnings profile. Utilizing the concept of age equivalence scales along with varying assumptions concerning the extent of...

This study integrates two bodies of work to explore how changes in human capital have impacted the distribution of household permanent income. Introducing a human capital accumulation model, a framework is established - utilizing the special properties of the Gini coefficient - which maps...