Income Inequality, Equality of Opportunity, and Intergenerational Mobility

By Miles Corak. Social Science Research Network, 2013

1,751 citations recorded by the source corpus.

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 top.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/e99f1340c29d37fc33a79568bd7d6529b5c464c1

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Citations in the corpus

Reducing Income Inequality in Educational Attainment: Experimental Evidence on the Impact of Financial Aid on College Completion1 (2016, background): “…for addressing those forces and reducing poverty has focused on the educational system, and consequently many are concerned with the contribution that education now is making to burgeoning inequality ðBowles and Gintis 2011; Duncan and Murnane 2011; Torche 2011; Corak 2013; Katz and Rose 2013Þ.”
Within-Firm Pay Inequality (2017, background): “…circles.1 What is perhaps less well known is that financial regulators and stock market investors have recently joined the debate by expressing concerns about high income inequalitywithin firms: “High pay disparities inside a company can hurt employee morale and productivity, and have a…”
OECD Social , Employment and Migration Working Papers No . 163 Trends in Income Inequality and its Impact on Economic Growth (2014, neutral): “(D’Addio, 2007; Corak, 2013).”
Income Inequality and Policy Responsiveness (2015, background): “Economic mobility in the United States has fallen behind other developed countries, in defiance of the American myth of economic opportunity (for reviews, see Corak 2013, Piketty & Saez 2014).”
Human capital and income inequality* (2018, background): “Studies show that greater income inequality at a given point in time is associated with less intergenerational mobility, which is known as “The Great Gatsby Curve” (Corak 2013).”
Higher education, career opportunities, and intergenerational inequality (2016, methodology): “…from more affluent families earn more across the life course than their peers from less affluent families, and that the UK is a poor performer in this regard, with a high degree of inequality of opportunity (Blanden et al., 2007; Corak, 2013; Jerrim and Macmillan, 2015; Gregg et al., 2016).”
Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States* (2014, methodology): “In this section, we define a set of statistics that we use to measure these two concepts empirically and compare their conceptual properties.”
The Transmission of Inequality Across Multiple Generations : Testing Recent Theories with Evidence from Germany (2018, neutral): “Cross-country variation in parent – child correlations, as discussed by Corak (2013) and others, is then without long-run signiﬁcance.”
Income Inequality, Intergenerational Mobility, and the Great Gatsby Curve: Is Education the Key? (2015, background): “Parental education may influence offspring’s earnings in ways other than through educational attainment (solid gray arrows in figure 1).”
Intergenerational Mobility and Inequality: The Latin American Case* (2014, background): “The negative cross-country association between inequality and mobility has transcended academia and been popularized in the “Great Gatsby” curve (Corak 2013).”