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 NoteAcknowledgments  IntroductionRaj 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) DataJanet C. Gornick, Branko Milanovic, and Nathaniel Johnson  2. Rising Between- Firm Inequality and Declining Labor Market Fluidity: Evidence of a Changing Job LadderJohn Haltiwanger and James R. Spletzer  3. United States Earnings Dynamics: Inequality, Mobility, and VolatilityKevin L. McKinney, John M. Abowd, and John Sabelhaus  4. Evidence from Unique Swiss Tax Data on the Composition and Joint Distribution of Income and WealthIsabel Z. MartinezII. Wealth Inequality  5. The Wealth of Generations, with Special Attention to the MillennialsWilliam 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– 2016Paolo Acciari and Salvatore Morelli  7. On the Distribution of Estates and the Distribution of Wealth: Evidence from the DeadYonatan Berman and Salvatore Morelli  8. Structuring the Analysis of Wealth Inequality Using the Functions of Wealth: A Class- Based ApproachPirmin Fessler and Martin Schurz  9. Social Security Wealth, Inequality, and Life- Cycle SavingJohn Sabelhaus and Alice Henriques VolzIII. Income and Wealth Mobility  10. Parental Education and the Rising Transmission of Income between GenerationsMarie Connolly, Catherine Haeck, and Jean- William Laliberte  11. Inequality of Opportunity for Income in Denmark and the United States: A Comparison Based on Administrative DataPablo A. Mitnik, Anne- Line Helso, and Victoria L. Bryant  12. Presence and Persistence of Poverty in US Tax DataJeff Larrimore, Jacob Mortenson, and David Splinter  13. Intergenerational Home Ownership in France over the Twentieth CenturyBertrand Garbinti and Frederique Savignac14. Inequality and Mobility over the Past Half- Century Using Income, Consumption, and WealthJonathan 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 DataBruce 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 StatesSarah K. Bruch, Janet C. Gornick, and Joseph van der Naald  17. Inequality and the Safety Net in American Cities throughout the Income Distribution, 1929– 1940James Feigenbaum, Price Fishback, and Keoka Grayson  18. The EITC and Linking Data for Examining Multigenerational EffectsRandall Akee, Maggie R. Jones, and Emilia Simeonova  V. Distributional National Accounts  19. Distributing Personal Income: Trends over TimeDennis Fixler, Marina Gindelsky, and David S. Johnson  20. Developing Indicators of Inequality and Poverty Consistent with National AccountsRichard Tonkin, Sean White, Sofiya Stoyanova, Aly Youssef, Sunny Valentineo Sidhu, and Chris Payne  21. Distributional National Accounts: A Macro- Micro Approach to Inequality in GermanyStefan Bach, Charlotte Bartels, and Theresa Neef22. The Distributional Financial Accounts of the United StatesMichael 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 StatisticsDominic Webber, Richard Tonkin, and Martin Shine  ContributorsAuthor IndexSubject Index

"Tracking socio-economic mobility and inequality across space and time, and building an understanding of where, how, and for whom observed differences have occurred, is both important and challenging. This extensive NBER conference volume by Raj Chetty and four-co-editors – featuring contributions by many of the world’s leading researchers of income and wealth distributions – is a collection of carefully executed empirical studies that do exactly that, drawing on a wealth of data across countries in the developed world."