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An International Comparison Of Lifetime Inequality: How Continental Europe Resembles North America

  • Audra J. Bowlus
  • Jean-Marc Robin

We compare earnings inequality and mobility across the U.S., Canada, France, Germany and the U.K. during the late 1990s. A flexible model of earnings dynamics that isolates positional mobility within a stable earnings distribution is estimated. Earnings trajectories are then simulated, and lifetime annuity value distributions are constructed. Earnings mobility and employment risk are found to be positively correlated with base-year inequality. Taken together they produce more equalization in countries with high cross-section inequality such that the countries in our sample have more similar lifetime inequality levels than crosssection measures suggest.

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File URL: http://hdl.handle.net/10.1111/j.1542-4774.2012.01088.x
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Article provided by European Economic Association in its journal Journal of the European Economic Association.

Volume (Year): 10 (2012)
Issue (Month): 6 (December)
Pages: 1236-1262

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Handle: RePEc:bla:jeurec:v:10:y:2012:i:6:p:1236-1262
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