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From 2001 to 2007 (just 6 years), the proportion of US households that left their income quintile were (starting at the lowest quintile) 44%, 61%, 58%, 55%, and
by krona 9y ago
From 2001 to 2007 (just 6 years), the proportion of US households that left their income quintile were (starting at the lowest quintile) 44%, 61%, 58%, 55%, and 34%. Even by global standards that's quite high income mobility.
- addicted 9y agoThe choices of year bounds are interesting to say the least.
- ChrisLomont 9y agoThose changes are about the same for any window of the same time length for all of recent US history. St. Louis FRED has data and papers on this. One of the best studies on intergenerational mobility in the US, using all IRS records (not sure how hard they had to work to get those) shows that mobility in the US has been fairly constant for 50+ years. [1] http://www.equality-of-opportunity.org/assets/documents/mobility_trends.pdf http://www.equality-of-opportunity.org/assets/documents/mobi...