Week 2 Addendum (Economic Mobility)

Week 2 Addendum (Economic Mobility) - IZA Discussion Paper...

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Do Poor Children Become Poor Adults? Lessons from a Cross Country Comparison Of Generational Earnings Mobility 1 The above graph depicts (see the Preferred column) the relative difference in economic mobility of children between the U.S. and eight other countries. Denmark has the highest rate of economic mobility ( i.e ., the likelihood that children will move into a higher income quintile than their parents) with the U.S. second from the bottom. * * * “[M]any researchers have reached a conclusion that turns conventional wisdom on its head: Americans enjoy less economic mobility than their peers in Canada and much of Western Europe.” 2 The reasons for the U.S.’s decreasing mobility compared to western European countries: The U.S. has a less robust safety net, leaving children more vulnerable. 1 Corak, Miles. “Do Poor Children Become Poor Adults? Lessons from a Cross Country Comparison of Generational Earnings Mobility.”
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Unformatted text preview: IZA Discussion Paper Series No. 1993 . March 2006, p. 42 out of 64 pp. Paper is devoted to explaining what the estimates mean and how they were developed. Highly technical. http://ftp.iza.org/dp1993.pdf . 2 DeParle, Jason. “Harder for Americans to Rise from Lower Rungs,” New York Times, 1/04/12 and 1/05/12. Paraphrasing. http://www.nytimes.com/2012/01/05/us/harder-for-americans-to-rise-from-lower-rungs.html?pagewanted=all The U.S. has the highest incarceration rates among industrialized nations, leaving those children in poverty. 2 million in prison. 2 million minor children have a parent in prison. The poor in the U.S. are poorer, creating a lower foor From which to start climbing out oF poverty. The U.S. is less unionized, and thereFore low-paid workers have no ability to push For higher wages. The U.S. has a greater amount oF income inequality. People with wealth have advantages....
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