Inequality from Generation to Generation: The United States in Comparison (2016)
To understand the degree of intergenerational mobility in the United States, and the differences between Americans and others, it is important to appreciate the workings and interaction of three fundamental institutions: the family, the market, and the state. But comparisons can also be misleading. The way in which families, labor markets, and government policy determine the life chances of children is complicated; the result of a particular history, societal values, and the nature of the political process. It might be one thing to say that the United States has significantly less intergenerational mobility than Denmark or Norway, but it is entirely another thing to suggest that these countries offer templates for the conduct of public policy that can be applied on this side of the Atlantic.
https://www.iza.org/publications/dp/9929
Source of the #GreatGatsbyCurve
See also Miles Coraks "Here is the source for the “Great Gatsby Curve” in the Alan Krueger speech at the Center for American Progress on January 12"
https://milescorak.com/2012/01/12/here-is-the-source-for-the-great-gatsby-curve-in-the-alan-krueger-speech-at-the-center-for-american-progress/
HN discussion: https://news.ycombinator.com/item?id=36841293
#Inequality #IntergenerationalMobility #Economics