Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/260698 
Year of Publication: 
2021
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 261v2 [Publisher:] Institute of Labor Economics (IZA) [Place:] Bonn [Year:] 2021
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Income inequality has been on the rise in many countries. Is this bad? One way to decide is to look at the degree of change in incomes across generations (intergenerational mobility) and, more generally, at the extent to which income differences among individuals are traceable to their social origins. Inequalities that reflect factors largely out of an individual's control—such as parents' education, local schools, and communities—require attention in order to reduce income inequality. Evidence shows a negative association between income inequality and intergenerational mobility, and a positive relationship between mobility and economic performance.
Subjects: 
income inequality
intergenerational mobility
social origins
Great Gatsby curve
JEL: 
J62
Persistent Identifier of the first edition: 
Document Type: 
Article

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