EconStor >
Federal Reserve Bank of Boston >
Working Paper Series, Federal Reserve Bank of Boston >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/55599
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBradbury, Katharineen_US
dc.date.accessioned2011-11-17en_US
dc.date.accessioned2012-02-23T08:23:24Z-
dc.date.available2012-02-23T08:23:24Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/55599-
dc.description.abstractMuch of America's promise is predicated on economic mobility - the idea that people are not limited or defined by where they start, but can move up the economic ladder based on their efforts and accomplishments. Family income mobility - changes in individual families' income positions over time - is one indicator of the degree to which the eventual economic wellbeing of any family is tethered to its starting point. In the United States, family income inequality has risen from year to year since the mid-1970s; given this rising cross-sectional inequality, changes over time in mobility determine the degree to which long-term income is also increasingly unequally distributed. Using data from the Panel Study of Income Dynamics and a number of mobility concepts and measures drawn from the literature, this paper examines family income mobility levels and trends for U.S. working-age family heads and spouses during the time span 1969-2006, based on a post-tax, post-transfer concept of income adjusted for family size. By most measures, mobility is lower in more recent periods (1995-2005) than in the late seventies and the eighties (the 1977-1987 or 1981-1991 periods). Comparing results based on pre-government income suggests that an increasingly redistributive tax and transfer system contributed to rising mobility into the 1980s, but that its impact has since waned. Overall, the evidence indicates that over the 1969-to-2006 time span, family income mobility across the distribution decreased, families' later-year incomes increasingly depended on their starting place, and the distribution of families' lifetime incomes became less equal.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of Boston Boston, Mass.en_US
dc.relation.ispartofseriesWorking paper series // Federal Reserve Bank of Boston 11-10en_US
dc.subject.jelD31en_US
dc.subject.jelD63en_US
dc.subject.jelI32en_US
dc.subject.jelJ15en_US
dc.subject.ddc330en_US
dc.subject.keywordIncome mobilityen_US
dc.subject.keywordincome inequalityen_US
dc.subject.keywordincome distributionen_US
dc.titleTrends in U.S. Family Income Mobility, 1969-2006en_US
dc.typeWorking Paperen_US
dc.identifier.ppn672437856en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, Federal Reserve Bank of Boston

Files in This Item:
File Description SizeFormat
672437856.pdf1.56 MBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.