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We investigate the relationship between inequality and intergenerational mobility. Proxying fathers’ earnings with using detailed occupational data, we find that sons who grew up in countries that were more unequal in the 1970s were less likely to have experienced social mobility by the...
Persistent link: https://www.econbiz.de/10005032847
A common critique of most measures of income inequality, which are based on a single year's income, is that they fail … to take account of income mobility. If income fluctuations are large, and individuals can smooth consumption, then high … countries – Australia, Britain, Germany and the United States – and estimate measures of permanent income inequality that are …
Persistent link: https://www.econbiz.de/10008511760
This paper analyses the relationship between technological progress, intergenerational earnings mobility, and economic growth. The analysis demonstrates that the interplay between technological progress and two components that determine individual earnings – parental human capital and...
Persistent link: https://www.econbiz.de/10005124238
This paper seeks to evaluate the findings of cross-national research on the relationship between income inequality and …
Persistent link: https://www.econbiz.de/10004977275
In a number of high-income countries over the past few decades there has been a large growth in income inequality and … at the same time a shift in the burden of taxation from the top to the middle of the income distribution. This paper … an appropriate response to rising inequality is a shift towards a more progressive multi-bracket income tax system, with …
Persistent link: https://www.econbiz.de/10011079145
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained. Finally,...
Persistent link: https://www.econbiz.de/10005792213
This paper studies the effects of progressive income taxes and education finance in a dynamic heterogeneous agent … to higher income growth than taxes and transfers, but at the cost of lower insurance. Overall efficiency is assessed … optimal rates. Aggregate income and aggregate welfare provide only very crude lower and upper bounds around the true …
Persistent link: https://www.econbiz.de/10005124288
individual-level data from the ABS Income Distribution Survey. It present measures of changes in earnings inequality for …
Persistent link: https://www.econbiz.de/10004968001
parents' income that explains the wage growth of their children. …
Persistent link: https://www.econbiz.de/10005661881
, philanthropic preferences may increase the effectiveness of policies to redistribute income, instead of weakening them. Consequently …
Persistent link: https://www.econbiz.de/10005504401