Measuring distribution and mobility of income and wealth / edited by Raj Chetty, John N. Friedman, Janet C. Gornick, Barry Johnson, and Arthur Kennickell.

Format:

Book

Contributor:

Chetty, Raj, editor.

Friedman, John N., editor.

Gornick, Janet C., editor.

Johnson, Barry (Economist), editor.

Kennickell, Arthur B., editor.

Series:

Studies in income and wealth ; v. 80.

Studies in income and wealth; volume 80

Language:

English

Subjects (All):

Income distribution--Congresses.

Income distribution.

Wealth--Congresses.

Wealth.

Genre:

Electronic books.

proceedings (reports)

Conference papers and proceedings

Conference papers and proceedings.

Physical Description:

xiii, 721 pages : illustrations (black and white) ; 24 cm.

Place of Publication:

Chicago ; London : The University of Chicago Press, 2022.

Summary:

"Economic research on the efficient allocation of resources has a long history. Increasingly, attention has turned to inequality in the distribution of personal resources and outcomes, and whether individuals or children are locked in their respective places in this distribution or whether mobility is possible. Research focuses not only on measuring inequality and mobility, but on understanding its historical, economic, and social determinants, and how policies might affect these distributions. This volume explores the latest developments in our understanding of income and wealth distribution and mobility. The first section addresses observed patterns of income inequality and shifts in compensation and fluidity that drive or reinforce income inequality. The next focuses on wealth inequality, including the difficulties of defining and measuring wealth. The third section presents new evidence on the intergenerational transmission of inequality and the mechanisms that sustain these patterns. A fourth set of chapters studies the mitigation of inequality, including variations in intervention strategies across time and geography. Finally, issues related to using national accounting data in comparison with survey and microdata are examined. Lack of data, particularly wealth data at the individual or household level in most countries, presents a challenge. Momentum has been building to link multiple sources of survey, administrative and other data in order to mitigate measurement problems in single sources and to provide more comprehensive data on income and wealth"-- Provided by publisher.

"A collection of twenty-three studies that explore the latest developments in the analysis of income and wealth distribution and mobility. Economic research is increasingly focused on inequality in the distribution of personal resources and outcomes. One aspect of inequality is mobility: are individuals locked into their respective places in this distribution? To what extent do circumstances change, either over the lifecycle or across generations? Research not only measures inequality and mobility, but also analyzes the historical, economic, and social determinants of these outcomes and the effect of public policies. This volume explores the latest developments in the analysis of income and wealth distribution and mobility. The collection of twenty-three studies is divided into five sections. The first examines observed patterns of income inequality and shifts in the distribution of earnings and in other factors that contribute to it. The next examines wealth inequality, including a substantial discussion of the difficulties of defining and measuring wealth. The third section presents new evidence on the intergenerational transmission of inequality and the mechanisms that underlie it. The next section considers the impact of various policy interventions that are directed at reducing inequality. The final section addresses the challenges of combining household-level data, potentially from multiple sources such as surveys and administrative records, and aggregate data to study inequality, and explores ways to make survey data more comparable with national income accounts data. "-- Provided by publisher.

Contents:

Introduction / Raj Chetty, John N. Friedman, Janet C. Gornick, Barry Johnson, and Arthur Kennickell

I. Income inequality. In search of the roots of American inequality exceptionalism : an analysis based on Luxembourg Income Study (LIS) data / Janet C. Gornick, Branko Milanovic, Nathaniel Johnson

Rising between-firm inequality and declining labor market fluidity : evidence of a changing job ladder / John Haltiwanger, James R. Spletzer

United States earnings dynamics : inequality, mobility, and volatility / Kevin L. McKinney, John M. Abowd, John Sabelhaus

Evidence from unique Swiss tax data on the composition and joint distribution of income and wealth / Isabel Z. Martinez

II. Wealth inequality. The wealth of generations, with special attention to the Millennials / William G. Gale, Hilary Gelfond, Jason J. Fichtner, Benjamin H. Harris

Wealth transfers and net wealth at death : evidence from the Italian inheritance tax records, 1995-2016 / Paolo Acciari, Salvatore Morelli

On the distribution of estates and the distribution fo wealth : evidence from the dead / Yonatan Berman and Salvatore Morelli

Structuring the analysis of wealth inequality using the functions of wealth : a class-based approach / Pirmin Fessler, Martin Schürz

Social security wealth, inequality, and life-cycle saving / John Sabelhaus, Alice Henriques Volz

III. Income and wealth mobility. Parental education and the rising transmission of income between generations / Marie Connolly, Catherine Haeck, Jean-William Laliberté

Inequality of opportunity for income in Denmark and the United States : a comparison based on administrative data / Pablo A. Mitnik, anne-Line Helsø, Victoria L. Bryant

Presence and persistence of poverty in US tax data / Jeff Larrimore, Jacob Mortenson, David Splinter

Intergenerational home ownership in France over the twentieth century / Bertrand Garbinti, Frédérique Savignac

Inequality and mobility over the past half-century using income, consumption, and wealth / Jonathan D. Fisher, David S. Johnson

IV. Mitigating inequality. The accuracy of tax imputations : estimating tax liabilities and credits using linked survey and administrative data / Bruce D. Meyer, Derek Wu, Grace Finley, Patrick Langetieg, Carla Medalia, Mark Payne, Alan Plumley

Geographic inequality in social provision : variation across the US states / Sarah K. Bruch, Janet C. Gornick, Joseph van der Naald

Inequality and the safety net in American cities through the income distribution, 1929-1940 / James Feigenbaum, Price Fishback, Keoka Grayson

The EITC and linking data for examining multigenerational effects / Randall Akee, Maggie R. Jones, Emilia Simeonova

Part V. Distributional national accounts. Distributing personal income : trends over time / Dennis Fixler, Marina Gindelsky, David S. Johnson

Developing indicators of inequality and poverty consistent with national accounts / Richard Tonkin, Sean White, Sofiya Stoyanova, Aly Youssef, Sunny Valentineo Sidhu, Chris Payne

Distributional national accounts : a macro-micro approach to inequality in Germany / Stefan Bach, Charlotte Bartels, Theresa Neef

The distributional financial accounts of the United States / Michael Batty, Jesse Bricker, Joseph Briggs, Sarah Friedman, Danielle Nemschoff, Eric Nielsen, Kamila Sommer, and Alice Henriques Volz

Using tax data to better capture top incomes in official UK income inequality statistics / Dominic Webber, Richard Tonkin, Martin Shine.

Notes:

Revised versions of papers presented at the Conference on Research in income and Wealth titled "Measuring and understanding the distribution and intra/inter-generational mubility of income and wealth", held in Bethesda, Maryland, on March 5-6, 2020.

Includes bibliographical references and indexes.

ISBN:

9780226816036

0226816036

OCLC:

1304398666