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Long-term inequality and mobility

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  • Katharine L. Bradbury

Abstract

This brief investigates the mobility and income situation of family heads and spouses who have low long-term incomes, where long-term refers to average family income over a 10-year period. The data show that most of those in the poorest one-fifth of the long-term income distribution during the 1996–2006 period spent all or nearly all of the period’s years in the poorest fifth of the single-year income distribution, and those who escaped did not move far. Moreover, this situation has worsened over time, with the long-term poor more “stuck” at the bottom in the 1996-2006 period than they were in 1976–1986 and 1986–1996. At the same time, the real incomes of the long-term poorest fifth have not grown as fast as the incomes of those in higher fifths, both from year-to-year within a period and from one period to the next. While it is well known that income inequality has risen in the United States in terms of single-year incomes, this brief documents that limited mobility has led to an increase in the inequality of long-term incomes as well.

Suggested Citation

  • Katharine L. Bradbury, 2012. "Long-term inequality and mobility," Public Policy Brief, Federal Reserve Bank of Boston.
  • Handle: RePEc:fip:fedbpb:y:2012:n:12-1
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    Keywords

    Income distribution ; Poverty;

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