The fading American dream: Trends in absolute income mobility since 1940

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The fading American dream: Trends in absolute income mobility since 1940.

We estimated rates of "absolute income mobility"-the fraction of children who earn more than their parents-by combining data from U.S. Census and Current Population Survey cross sections with panel data from de-identified tax records. We found that rates of absolute mobility have fallen from approximately 90% for children born in 1940 to 50% for children born in the 1980s. Increasing Gross Dome...

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ژورنال

عنوان ژورنال: Science

سال: 2017

ISSN: 0036-8075,1095-9203

DOI: 10.1126/science.aal4617