Extract from \Income Inequality, Equality of Opportunity, and Intergenerational Mobility"

@inproceedings{Corak2013ExtractF,
  title={Extract from \Income Inequality, Equality of Opportunity, and Intergenerational Mobility"},
  author={Miles Heisz Andrew Corak},
  year={2013}
}
Families, labor markets, and public policies all structure a child’s opportunities and determine the extent to which adult earnings are related to family background. Cross-country comparisons and the underlying trends suggest that these drivers will most likely lower the degree of intergenerational earnings mobility for the next generation of Americans coming of age in a more polarized labor market, while the substantial rise in the income shares of the top 1 percent, their access to sources of… CONTINUE READING

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