Bibliographic Information

Measuring distribution and mobility of income and wealth

edited by Raj Chetty ... [et al.]

(Studies in income and wealth, v. 80)

University of Chicago Press, 2022

  • : cloth

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Note

"This volume contains revised versions of the papers presented at the Conference on Research in Income and Wealth titled "Measuring and Understanding the Distribution and Intra/Inter-Generational Mobility of Income and Wealth," held in Bethesda, Maryland, on March 5-6, 2020."--Prefatory note

Includes bibliographical references and indexes

Other editors: John N. Friedman, Janet C. Gornick, Barry Johnson, and Arthur Kennickell

Description and Table of Contents

Description

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.  

Table of Contents

Prefatory Note Acknowledgments   Introduction Raj Chetty, John N. Friedman, Janet C. Gornick, Barry Johnson, and Arthur Kennickell   I. Income Inequality   1. In Search of the Roots of American Inequality Exceptionalism: An Analysis Based on Luxembourg Income Study (LIS) Data Janet C. Gornick, Branko Milanovic, and Nathaniel Johnson   2. Rising Between- Firm Inequality and Declining Labor Market Fluidity: Evidence of a Changing Job Ladder John Haltiwanger and James R. Spletzer   3. United States Earnings Dynamics: Inequality, Mobility, and Volatility Kevin L. McKinney, John M. Abowd, and John Sabelhaus   4. Evidence from Unique Swiss Tax Data on the Composition and Joint Distribution of Income and Wealth Isabel Z. Martinez II. Wealth Inequality   5. The Wealth of Generations, with Special Attention to the Millennials William G. Gale, Hilary Gelfond, Jason J. Fichtner, and Benjamin H. Harris   6. Wealth Transfers and Net Wealth at Death: Evidence from the Italian Inheritance Tax Records, 1995– 2016 Paolo Acciari and Salvatore Morelli   7. On the Distribution of Estates and the Distribution of Wealth: Evidence from the Dead Yonatan Berman and Salvatore Morelli   8. Structuring the Analysis of Wealth Inequality Using the Functions of Wealth: A Class- Based Approach Pirmin Fessler and Martin Schurz   9. Social Security Wealth, Inequality, and Life- Cycle Saving John Sabelhaus and Alice Henriques Volz III. Income and Wealth Mobility   10. Parental Education and the Rising Transmission of Income between Generations Marie Connolly, Catherine Haeck, and Jean- William Laliberte   11. Inequality of Opportunity for Income in Denmark and the United States: A Comparison Based on Administrative Data Pablo A. Mitnik, Anne- Line Helso, and Victoria L. Bryant   12. Presence and Persistence of Poverty in US Tax Data Jeff Larrimore, Jacob Mortenson, and David Splinter   13. Intergenerational Home Ownership in France over the Twentieth Century Bertrand Garbinti and Frederique Savignac 14. Inequality and Mobility over the Past Half- Century Using Income, Consumption, and Wealth Jonathan D. Fisher and David S. Johnson   IV. Mitigating Inequality   15. 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, and Alan Plumley   16. Geographic Inequality in Social Provision: Variation across the US States Sarah K. Bruch, Janet C. Gornick, and Joseph van der Naald   17. Inequality and the Safety Net in American Cities throughout the Income Distribution, 1929– 1940 James Feigenbaum, Price Fishback, and Keoka Grayson   18. The EITC and Linking Data for Examining Multigenerational Effects Randall Akee, Maggie R. Jones, and Emilia Simeonova   V. Distributional National Accounts   19. Distributing Personal Income: Trends over Time Dennis Fixler, Marina Gindelsky, and David S. Johnson   20. Developing Indicators of Inequality and Poverty Consistent with National Accounts Richard Tonkin, Sean White, Sofiya Stoyanova, Aly Youssef, Sunny Valentineo Sidhu, and Chris Payne   21. Distributional National Accounts: A Macro- Micro Approach to Inequality in Germany Stefan Bach, Charlotte Bartels, and Theresa Neef 22. 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   23. Using Tax Data to Better Capture Top Incomes in Official UK Income Inequality Statistics Dominic Webber, Richard Tonkin, and Martin Shine   Contributors Author Index Subject Index

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