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The lower limit of income for households in the top 1% of the US income distribution is about $500,000. If the intergenerational income elasticity for
The lower limit of income for households in the top 1% of the US income distribution is about $500,000.
- If the intergenerational income elasticity for the US is 0.47, what will be the ratio of incomes for the children of the top 1% to the children of the bottom quintile?For the grandchildren?For the great-grandchildren?
- Also, calculate what these 3 ratios would be if the US had Scandinavian mobility elasticities of 0.20.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
