Income Inequality, Equality of Opportunity, and Intergenerational Mobility.
My focus is on the degree to which increasing inequality in the high-income countries, particularly in the United States, is likely to limit economic mobility for the next generation of young adults. I discuss the underlying drivers of opportunity that generate the relationship between inequality an...
| Publicado en: | Journal of Economic Perspectives Vol. 27; no. 3; pp. 79 - 103 |
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| Formato: | Artículo |
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American Economic Association
Summer2013
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=89598236&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 89598236 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 08953309 JEC jtl: Journal of Economic Perspectives issn: 08953309 maglogo: N pubinfo: dt: Summer2013 vid: 27 iid: 3 pid: 22 pub: American Economic Association artinfo: ui: 89598236 10.1257/jep.27.3.79 ppf: 79 ppct: 24 formats: tig: atl: Income Inequality, Equality of Opportunity, and Intergenerational Mobility. aug: au: Corak, Miles affil: a1 su: Intergenerational mobility Economic mobility Class differences Income inequality Inheritance & succession Labor market Social mobility Economics Economic conditions of developed countries sug: subj: Intergenerational mobility Economic mobility Class differences Income inequality Inheritance & succession Labor market Social mobility Economics Economic conditions of developed countries ab: My focus is on the degree to which increasing inequality in the high-income countries, particularly in the United States, is likely to limit economic mobility for the next generation of young adults. I discuss the underlying drivers of opportunity that generate the relationship between inequality and intergenerational mobility. The goal is to explain why America differs from other countries, how intergenerational mobility will change in an era of higher inequality, and how the process is different for the top 1 percent. I begin by presenting evidence that countries with more inequality at one point in time also experience less earnings mobility across the generations, a relationship that has been called 'The Great Gatsby Curve.' The interaction between families, labor markets, and public policies all structure a child's opportunities and determine the extent to which adult earnings are related to family background-but they do so in different ways across national contexts. Both cross-country comparisons and the underlying trends suggest that these drivers are all configured most likely to lower, or at least not raise, the degree of intergenerational earnings mobility for the next generation of Americans coming of age in a more polarized labor market. This trend will likely continue unless there are changes in public policy that promote the human capital of children in a way that offers relatively greater benefits to the relatively disadvantaged. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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