Measuring distribution and mobility of income and wealth

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...

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Bibliographic Details
Other Authors: Chetty, Raj (Editor), Friedman, John N. (Editor), Gornick, Janet C. (Editor), Johnson, Barry (Editor)
Format: eBook
Language:English
Published: Chicago ; London University of Chicago Press 2022, ©2022
Series:Studies in Income and Wealth Volume 80
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Collection: DeGruyter MPG Collection - Collection details see MPG.ReNa
Description
Summary: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.
Item Description: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
Physical Description:VIII, 721 pages
ISBN:978-0-226-81604-3