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Income Inequality, Equality of Opportunity, and Intergenerational Mobility

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  • Corak, Miles

    ()
    (University of Ottawa)

Abstract

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. Cross-country comparisons and the underlying trends suggest that these drivers will most likely lower the degree of intergenerational earnings mobility for the next generation of Americans coming of age in a more polarized labor market, while the substantial rise in the income shares of the top 1 percent, their access to sources of high-quality human capital investment for their children, and the intergenerational transmission of employers and wealth will imply a much higher rate of transmission of economic advantage at the very top.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7520.

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Length: 31 pages
Date of creation: Jul 2013
Date of revision:
Publication status: published in: Journal of Economic Perspectives, 2013, 27 (3), 79-102
Handle: RePEc:iza:izadps:dp7520

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Keywords: intergenerational mobility; human capital; inequality;

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References

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  1. Eric P. Bettinger & Bridget Terry Long & Philip Oreopoulos & Lisa Sanbonmatsu, 2009. "The Role of Simplification and Information in College Decisions: Results from the H&R Block FAFSA Experiment," NBER Working Papers 15361, National Bureau of Economic Research, Inc.
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Cited by:
  1. Campos-Vazquez, Raymundo M. & Chavez, Emmanuel & Esquivel, Gerardo, 2013. "Growth is (really) good for the (really) rich," MPRA Paper 52488, University Library of Munich, Germany.
  2. Piraino, Patrizio, 2014. "Intergenerational earnings mobility and equality of opportunity in South Africa," SALDRU Working Papers 131, Southern Africa Labour and Development Research Unit, University of Cape Town.
  3. Jantti, Markus & Jenkins, Stephen P., 2013. "Income mobility," ISER Working Paper Series 2013-23, Institute for Social and Economic Research.
  4. John C. Boik, 2014. "First Microsimulation Model of a LEDDA Community Currency--Dollar Economy," Working Paper 0001, Principled Societies Project.
  5. Melissa S. Kearney & Phillip B. Levine, 2014. "Income Inequality, Social Mobility, and the Decision to Drop Out of High School," NBER Working Papers 20195, National Bureau of Economic Research, Inc.
  6. Tommaso Agasisti & Sergio Longobardi, 2014. "Educational institutions, resources, and students' resiliency: an empirical study about OECD countries," Economics Bulletin, AccessEcon, vol. 34(2), pages 1055-1067.

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