Income Inequality and Income Mobility in the Scandinavian Countries Compared to the United States
Rolf Aaberge, Anders Björklund, Markus Jäntti, Mårten Palme, Peder J. Pedersen, Nina Smith and Tom Wennemo ()
Additional contact information Rolf Aaberge, Anders Björklund, Markus Jäntti, Mårten Palme, Peder J. Pedersen, Nina Smith and Tom Wennemo: Statistics Norway, http://www.ssb.no/english/research/ Authors registered in the RePEc Author Service: Nina Smith (),
Anders Bjorklund () and
Rolf Aaberge ()
Abstract:
This paper compares income inequality and income mobility in the Scandinavian countries and the United States during the 1980's. The results demonstrate that inequality is greater in the United States than in the Scandinavian countries and that the ranking of countries with respect to inequality remains unchanged when the accounting period of income is extended from one to 11 years. The pattern of mobility turns out to be remarkably similar despite major differences in labor market and social policies between the Scandinavian countries and the United States.