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Twenty Years of Rising Inequality in U.S.Lifetime Labour Income Values

机译:美国终生劳动收入价值不断上升的不平等二十年

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In this paper we study the evolution of lifetime labour income inequality by constructing present value life cycle measures that incorporate both earnings and employment risk.We find that,even though lifetime income inequality is 40% less than earnings inequality,the total increase in lifetime income inequality over the past 20 years is the same as earnings inequality.While the total increase is the same,the pathways there differ with earnings inequality experiencing a steady increase and lifetime income inequality increasing in spurts particularly in the latter half of the 1990s.Finally,we find the changes in lifetime income inequality are primarily driven by changes in earnings mobility and changes in the earnings distribution itself,changes in employment risk and the composition of the sample,such as the shift toward attaining more education and the ageing population,do not play a large role.
机译:本文通过构建兼顾收入和就业风险的现值生命周期测度来研究终生劳动收入不平等的演变。我们发现,即使终生收入不平等比收入不平等少40%,但终生收入的总增长过去20年的收入不平等状况与收入不平等状况相同。总增长相同,但途径不同,收入不平等状况持续增长,而一生中收入不平等状况则突增,尤其是在1990年代后半期。我们发现,一生中收入不平等的变化主要是由收入流动性的变化和收入分配本身的变化,就业风险的变化和样本的构成(如向受教育程度的提高和人口老龄化的转变)驱动的。发挥很大的作用。

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