Author(s)  
Miles Corak

My focus is on the degree to which increasing inequality in the high-income countries, particularly in the United States, is likely to limit economic mobility for the next generation of young adults. Both cross-country comparisons and the underlying trends suggest that the underlying drivers of intergenerational mobility are all configured most likely to lower, or at least not raise, the degree of mobility for the next generation of Americans coming of age in a more polarized labor market. This trend will likely continue unless there are changes in public policy that promote the human capital of children in a way that offers relatively greater benefits to the relatively disadvantaged.

Publication Type  
Article
Journal  
Journal of Economic Perspectives
Volume  
27
Issue Number  
3
Pages  
79-102
JEL Codes  
D31: Personal Income, Wealth, and Their Distributions
J62: Job, Occupational, and Intergenerational Mobility; Promotion
Keywords  
inequality
equality of opportunity
intergenerational mobility