Author : Lancelot Henry de Frahan
Publisher :
ISBN 13 : 9780438756984
Total Pages : 166 pages
Book Rating : 4.7/5 (569 download)
Book Synopsis Essays on Inequality, Fairness and Taxation by : Lancelot Henry de Frahan
Download or read book Essays on Inequality, Fairness and Taxation written by Lancelot Henry de Frahan and published by . This book was released on 2018 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second chapter takes an intergenerational perspective on inequality. We measure intergenerational mobility in housing consumption-across surnames-in the US for the period 1940‒2012. We translate, under stated assumptions, the figure into an estimated family-level intergenerational elasticity of total consumption of 0.6--0.67 between two successive generations. We also document that blacks have much lower IGE than whites, the Northeast has higher IGE than the South and Midwest, and in particular, the black-white gap in IGE is concentrated in the Northeast. Some of these patterns contrast with the previous literature's analysis of IGE in labor income. We discuss possible mechanisms behind the level of-and the heterogeneity in-the estimated IGE of consumption.