Measuring Distribution and Mobility of Income and Wealth

Raj Chetty is the William A. Ackman Professor of Economics at Harvard University, director of Opportunity Insights, and a research associate and director of the Public Economics Program at the National Bureau of Economic Research. John N. Friedman is professor of economics and international and political affairs at Brown University and a research associate of the National Bureau of Economic Research. Janet C. Gornick is professor of political science and sociology, director of the Stone Center on Socio-Economic Inequality, and holds the James M. and Cathleen D. Stone Distinguished Chair in Socio-Economic Inequality at the City University of New York. Barry Johnson is deputy chief data and analytics officer and director of the Statistics of Income Division at the Internal Revenue Service. Arthur Kennickell is a Stone Center Affiliated Scholar at the City University of New York and a member of the board of directors of the National Bureau of Economic Research.

Prefatory Note
Acknowledgments
 
Introduction
Raj Chetty, John N. Friedman, Janet C. Gornick, Barry Johnson, and Arthur Kennickell
 
I. Income Inequality
 
1. In Search of the Roots of American Inequality Exceptionalism: An Analysis Based on Luxembourg Income Study (LIS) Data
Janet C. Gornick, Branko Milanovic, and Nathaniel Johnson
 
2. Rising Between- Firm Inequality and Declining Labor Market Fluidity: Evidence of a Changing Job Ladder
John Haltiwanger and James R. Spletzer
 
3. United States Earnings Dynamics: Inequality, Mobility, and Volatility
Kevin L. McKinney, John M. Abowd, and John Sabelhaus
 
4. Evidence from Unique Swiss Tax Data on the Composition and Joint Distribution of Income and Wealth
Isabel Z. Martinez

II. Wealth Inequality
 
5. The Wealth of Generations, with Special Attention to the Millennials
William G. Gale, Hilary Gelfond, Jason J. Fichtner, and Benjamin H. Harris
 
6. Wealth Transfers and Net Wealth at Death: Evidence from the Italian Inheritance Tax Records, 1995– 2016
Paolo Acciari and Salvatore Morelli
 
7. On the Distribution of Estates and the Distribution of Wealth: Evidence from the Dead
Yonatan Berman and Salvatore Morelli
 
8. Structuring the Analysis of Wealth Inequality Using the Functions of Wealth: A Class- Based Approach
Pirmin Fessler and Martin Schurz
 
9. Social Security Wealth, Inequality, and Life- Cycle Saving
John Sabelhaus and Alice Henriques Volz

III. Income and Wealth Mobility
 
10. Parental Education and the Rising Transmission of Income between Generations
Marie Connolly, Catherine Haeck, and Jean- William Laliberte
 
11. Inequality of Opportunity for Income in Denmark and the United States: A Comparison Based on Administrative Data
Pablo A. Mitnik, Anne- Line Helso, and Victoria L. Bryant
 
12. Presence and Persistence of Poverty in US Tax Data
Jeff Larrimore, Jacob Mortenson, and David Splinter
 
13. Intergenerational Home Ownership in France over the Twentieth Century
Bertrand Garbinti and Frederique Savignac

14. Inequality and Mobility over the Past Half- Century Using Income, Consumption, and Wealth
Jonathan D. Fisher and David S. Johnson
 
IV. Mitigating Inequality
 
15. The Accuracy of Tax Imputations: Estimating Tax Liabilities and Credits Using Linked Survey and Administrative Data
Bruce D. Meyer, Derek Wu, Grace Finley, Patrick Langetieg, Carla Medalia, Mark Payne, and Alan Plumley
 
16. Geographic Inequality in Social Provision: Variation across the US States
Sarah K. Bruch, Janet C. Gornick, and Joseph van der Naald
 
17. Inequality and the Safety Net in American Cities throughout the Income Distribution, 1929– 1940
James Feigenbaum, Price Fishback, and Keoka Grayson
 
18. The EITC and Linking Data for Examining Multigenerational Effects
Randall Akee, Maggie R. Jones, and Emilia Simeonova
 
V. Distributional National Accounts
 
19. Distributing Personal Income: Trends over Time
Dennis Fixler, Marina Gindelsky, and David S. Johnson
 
20. Developing Indicators of Inequality and Poverty Consistent with National Accounts
Richard Tonkin, Sean White, Sofiya Stoyanova, Aly Youssef, Sunny Valentineo Sidhu, and Chris Payne
 
21. Distributional National Accounts: A Macro- Micro Approach to Inequality in Germany
Stefan Bach, Charlotte Bartels, and Theresa Neef

22. The Distributional Financial Accounts of the United States
Michael Batty, Jesse Bricker, Joseph Briggs, Sarah Friedman, Danielle Nemschoff, Eric Nielsen, Kamila Sommer, and Alice Henriques Volz
 
23. Using Tax Data to Better Capture Top Incomes in Official UK Income Inequality Statistics
Dominic Webber, Richard Tonkin, and Martin Shine
 
Contributors
Author Index
Subject Index