Persistent inequality: mobility and intergenerational redistribution
We approximate inequality as a dynamic problem where parents make decisions about how much and how to invest in the economic opportunities of the next generation. Theoretically, we analyze the degree to which sclerosis of local labor markets (lack of mobility) plays a role in the elder generation’s...
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| Materiálatiipa: | Conference item |
| Giella: | English |
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American Political Science Association
2022
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| Čoahkkáigeassu: | We approximate inequality as a dynamic problem where parents make decisions about how much and how to invest in the economic opportunities of the next generation. Theoretically, we analyze the degree to which sclerosis of local labor markets (lack of mobility) plays a role in the elder generation’s choice and reinforces the inclination by high and middle income households not to support public investment in human capital formation, thereby reinforcing inequality across generations. We evaluate this feedback loop using a wide range of USA and European micro-data. |
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