Economics at your fingertips  

Inclusive Growth and Absolute Intragenerational Mobility in the United States, 1962-2014

Yonatan Berman

MPRA Paper from University Library of Munich, Germany

Abstract: This paper combines historical cross-sectional and longitudinal income and wealth data in the United States to present the evolution of absolute intragenerational mobility from the 1960s onward. That is, the fraction of families with higher income or wealth over a given period. We find that the rates of absolute mobility over periods of two to four years are largely confined within 45%-55%. This occurs over all the phases of the business cycle. Absolute mobility is higher for lower percentiles, also during periods of increasing inequality. These results stem from the importance of the changes in the composition of income and wealth percentiles even over short time periods. We offer a simplified model to mathematically describe these findings.

Keywords: Mobility; inequality; copula modeling (search for similar items in EconPapers)
JEL-codes: C2 D3 E2 H0 J6 (search for similar items in EconPapers)
Date: 2018-10-18
New Economics Papers: this item is included in nep-his and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

Page updated 2022-06-16
Handle: RePEc:pra:mprapa:89572