What question did this study set out to answer?

The aim is to explore how rising income inequality influences intergenerational economic mobility in the U.S. compared to other countries.

August 1, 2013The Journal of Economic PerspectivesOpen Access

Income Inequality, Equality of Opportunity, and Intergenerational Mobility

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Authors

MCMiles CorakThe Graduate Center, CUNY

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Implication

This analysis reveals how increasing income inequality limits economic mobility for the next generation in America, suggesting policy changes are necessary.

Key Points

The aim is to explore how rising income inequality influences intergenerational economic mobility in the U.S. compared to other countries.
Discussed evidence linking inequality with reduced intergenerational mobility.
Analyzed the impact of families, labor markets, and public policies on opportunities for children.
Highlighted cross-country comparisons and trends regarding mobility dynamics.
Countries with greater inequality show lower earnings mobility across generations.
The Great Gatsby Curve illustrates the inverse relationship between inequality and mobility.
Increased polarization in the labor market is likely to hinder mobility for future American generations without policy intervention.

Cite This Study

Miles Corak (2013) studied this question.

synapsesocial.com/papers/69d7eb6605ee2ba81dbee885 https://doi.org/10.1257/jep.27.3.79

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Implication

This analysis reveals how increasing income inequality limits economic mobility for the next generation in America, suggesting policy changes are necessary.

Income Inequality, Equality of Opportunity, and Intergenerational Mobility

Discussion

Member takes

Implication

Key Points

Cite This Study

Income Inequality, Equality of Opportunity, and Intergenerational Mobility

Discussion

Member takes

Implication

Key Points

Cite This Study

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