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Papers on “wealth inequality intergenerational mobility”

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  1. Income Inequality, Equality of Opportunity, and Intergenerational Mobility

    M. Corak · 2013 · SSRN Electronic Journal · 1,820 cites

    Families, labor markets, and public policies all structure a child’s opportunities and determine the extent to which adult earnings are related to family background. Cross-country comparisons and the underlying trends suggest that these drivers will most likely lower the degree of intergenerational earnings mobility for the next generation of Americans coming of age in a more polarized labor market, while the substantial rise in the income shares of the top 1 percent, their access to sources of high-quality human capital investment for their children, and the intergenerational transmission of employers and wealth will imply a much higher rate of transmission of economic advantage at the very

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  3. Wealth Inequality in the United States

    Lisa A. Keister, Stephanie Möller · 2000 · Annual Review of Sociology · 477 cites

    Wealth ownership in the United States has long been concentrated in the hands of a small minority of the population, yet researchers have paid relatively little attention to the causes and consequences of this inequality. In this essay, we review the literature that does exist on wealth accumulation and distribution. We begin with an examination of the reasons that wealth inequality has received little empirical attention. We then discuss methods of creating empirical estimates of wealth accumulation and distribution, and we present some estimates of recent trends in wealth inequality. We explore a diverse collection of research that explains these trends, covering treatments of aggregate in

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  4. Intergenerational Inequality: A Sociological Perspective

    Robert S. Erikson, John H. Goldthorpe · 2002 · The Journal of Economic Perspectives · 470 cites

    When economists are concerned with the inheritance of inequality, they typically focus on the intergenerational transmission of income or wealth. In contrast, sociologists are more likely to analyze intergenerational mobility between (and immobility in) different class positions.

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  7. Intergenerational Wealth Mobility and Racial Inequality

    Fabian T. Pfeffer, Alexandra A. Killewald · 2019 · Socius Sociological Research for a Dynamic World · 82 cites

    The black-white gap in household wealth is large and well documented. Here, we visualize how this racial wealth gap persists across generations. Animating the flow of individuals between the relative wealth position of parents and their adult children, we show that the disadvantage of black families is a consequence both of wealth inequality in prior generations and race differences in the transmission of wealth positions across generations: Black children both have less wealthy parents on average and are far more likely to be downwardly mobile in household wealth. By displaying intergenerational movements between parental and offspring wealth quintiles, we underline how intergenerational fl

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  8. How Do Inheritances Shape Wealth Inequality? Theory and Evidence from Sweden

    Arash Nekoei, D. Seim · 2021 · SSRN Electronic Journal · 44 cites

    A recent literature has found that inheritances reduce relative measures of wealth inequality. Theoretically, we show that this surprising finding stems from high intergenerational wealth mobility or low inheritance inequality. Empirically, we show that this finding is only true in the short run using Swedish administrative data and exploiting randomness in the timing of death. The inheritance effect on wealth inequality is reversed within a decade due to less wealthy heirs depleting their inherited wealth in contrast to more affluent heirs. Investigating mechanisms behind this depletion, we find that inheritances generate a roughly constant increase in annual non-labor income. 60% of this i

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