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"When compared to 24 middle-income and high income countries, the U.S. ranks 16th in the amount of inter-generational earnings mobility. The relatively low leve
by rfrank 10y ago
"When compared to 24 middle-income and high income countries, the U.S. ranks 16th in the amount of inter-generational earnings mobility. The relatively low level of mobility in the U.S. may arise in part because low-income children in the U.S. tend to have less stable and lower-income families, less secure families, and parents who have less time to devote to their children."
http://inequality.stanford.edu/sites/default/files/Pathways-SOTU-2016-Economic-Mobility-3.pdf http://inequality.stanford.edu/sites/default/files/Pathways-...
- yummyfajitas 10y agoThe numbers you quote do not address the point under discussion at all.
- rfrank 10y ago"However, the increase in inequality has also magnified the difference in expected incomes between children born to low-(e.g., bottom-quintile) versus high-(top-quintile) income families. In this sense, mobility has fallen because a child’s income depends more heavily on her parents’ position in the income distribution today than in the past. Since the appropriate definition of inter-generational mobility depends upon one’s normative objective, we characterize the copula and marginal distributions separately in this paper." It would appear we have different normative objectives.