Conference on Measuring and Understanding the Distribution and Intra/Inter-Generational Mobility of Income and Wealth

Raj Chetty, John N. Friedman, Janet C. Gornick, Barry Johnson, and Arthur Kennickell, Organizers

March 5-6, 2020

Hyatt Regency Bethesda, Cabinet/Judiciary Room, One Bethesda Metro Center, Bethesda, MD

Conference Code of Conduct

Thursday, March 5
FORMAT: Authors 18 minutes, followed by 2-3 minutes for clarifying questions before next paper. Discussants 5 minutes per paper.
8:00 am
Continental Breakfast and Registration
8:30 am
Welcome
Session 1, Income and Wealth Mobility
Chair: John N. Friedman, Brown University and NBER
8:40 am
Bertrand Garbinti, CREST
Frédérique Savignac, Banque de France

Intergenerational Wealth Mobility in France over the 20th Century
9:00 am
Marie Connolly, Université du Québec à Montréal
Catherine Haeck, Université du Québec à Montréal
Jean-William P. Laliberté, University of Calgary

Parental Education Mitigates the Rising Transmission of Income between Generations
9:20 am
Sam E. Asher, Imperial College Business School
Paul Novosad, Dartmouth College
Charlie Rafkin, Massachusetts Institute of Technology

Comparable Rank-Based Measures of Intergenerational Educational Mobility (slides)
9:40 am
Victoria L. Bryant, Internal Revenue Service
Anne-Line Koch Helsø, University of Copenhagen
Pablo Mitnik, Stanford University

Inequality of Opportunity for Income in Denmark and the United States: A Comparison Based on Administrative Data
Discussant: Pirmin Fessler, Oesterreichische Nationalbank
10:30 am
Break
Session 2, Mitigating Inequality
Chair: Jesse Bricker, Federal Reserve Board
10:50 am
Randall Akee, University of California, Los Angeles and NBER
Maggie R. Jones, Bureau of the Census
Emilia Simeonova, Johns Hopkins University and NBER

The EITC and Intergenerational Income Mobility
11:10 am
James J. Feigenbaum, Boston University and NBER
Price V. Fishback, University of Arizona and NBER
Keoka Grayson, Hobart and William Smith College

Inequality and the Safety Net Throughout the Income Distribution, 1929-1940
11:30 am
Sarah K. Bruch, University of Delaware
Janet C. Gornick, City University of New York
Joseph van der Naald, Graduate Center, CUNY

Geographic Inequality in Social Provision and Redistribution in the U.S. States (slides)
Discussant: David Johnson, University of Michigan
12:15 pm
Lunch (Terrace)
Keynote Speaker: James Poterba, Massachusetts Institute of Technology and NBERl (slides)
Chair: Barry Johnson, Internal Revenue Service
Session 3, Income Inequality and Administrative Data
Chair: Raj Chetty, Harvard University and NBER
1:30 pm
John Guyton, Internal Revenue Service
Patrick Langetieg, Internal Revenue Service
Daniel Reck, London School of Economics
Max Risch, Carnegie Mellon University
Gabriel Zucman, University of California, Berkeley and NBER

Tax Evasion by the Wealthy: Measurement and Implications
1:50 pm
Jeff Larrimore, Federal Reserve Board
Jake Mortenson, Joint Committee on Taxation
David Splinter, Joint Committee on Taxation

Presence and Persistence of Poverty in U.S. Tax Data (slides)
2:10 pm
Patrick Langetieg, Internal Revenue Service
Carla Medalia, U.S. Census Bureau
Bruce D. Meyer, University of Chicago and NBER
Mark Payne, Internal Revenue Service
Alan Plumley, Internal Revenue Service
Derek Wu, University of Chicago
Grace Finley, Harvard University

The Receipt and Distributional Effects of Transfers and Tax Credits Using the Comprehensive Income Dataset (slides)
2:30 pm
Dominic Webber, UK Office for National Statistics
Richard P. Tonkin, United Nations Statistics Division
Martin Shine

Using Tax Data to Better Capture Top Incomes in Official UK Inequality Statistics
Discussant: Alexander Yuskavage, Department of the Treasury
3:20 pm
Break
Session 4, Decomposing the Wealth Distribution
Chair: Catherine Haeck, Université du Québec à Montréal
3:40 pm
Merike Kukk, Tallinn University of Technology
Jaanika Meriküll, Bank of Estonia
Tairi Rõõm, Bank of Estonia

What Explains the Gender Gap in Wealth? Evidence from Administrative Data
4:00 pm
Jonathan D. Fisher, Washington Center for Equitable Growth
David Johnson, University of Michigan

Inequality and Mobility over the Past Half Century using Income, Consumption and Wealth (slides)
4:20 pm
William Gale, Brookings Institution
Benjamin Harris, Northwestern University

Changing Wealth Accumulation Patterns: Evidence and Determinants
4:40 pm
Pirmin Fessler, Oesterreichische Nationalbank
Martin Schürz, Oesterreichische Nationalbank

Structuring the Analysis of Wealth Inequality using the Functions of Wealth: A Class Based Approach
Discussant: Frédérique Savignac, Banque de France
5:30 pm
CRIW Membership Meeting
Katharine Abraham, University of Maryland and NBER
Friday, March 6
8:00 am
Continental Breakfast
Session 5, Labor Income and Inequality
Chair: Tairi Rõõm, Bank of Estonia
8:30 am
John C. Haltiwanger, University of Maryland and NBER
James Spletzer, U.S. Census Bureau, retired

Rising Between Firm Inequality and Declining Labor Market Fluidity: Evidence of a Changing Job Ladder
8:50 am
John M. Abowd, US Census Bureau and NBER
Kevin McKinney, U.S. Census Bureau
John Sabelhaus, Brookings Institution

United States Earnings Dynamics: Inequality, Mobility, and Volatility
9:10 am
Janet C. Gornick, City University of New York
Branko Milanovic, City University of New York
Nathaniel Johnson, City University of New York

American Exceptionalism in Market Income Inequality: Inequality across Household Types (slides)
9:30 am
John Sabelhaus, Brookings Institution
Alice Henriques Volz, Federal Reserve Board

Social Security Wealth, Inequality, and Lifecycle Saving
Discussant: Bruce D. Meyer, University of Chicago and NBER
10:20 am
Break
Session 6, Wealth Inequality and Administrative Data
Chair: Arthur Kennickell, Stone Center, CUNY Graduate Center
10:35 am
Paolo Acciari, Italian Ministry of Economy and Finance
Facundo Alvaredo, Paris School of Economics
Salvatore Morelli, University of Roma Tre

The Concentration of Personal Wealth in Italy: 1995-2016 (slides)
10:55 am
Isabel Z. Martinez, ETH Zurich

In It Together? Inequality and the Joint Distribution of Income and Wealth in Switzerland
11:15 am
Facundo Alvaredo, Paris School of Economics
Yonatan Berman, King's College London
Salvatore Morelli, University of Roma Tre

On the Distribution of Estates and the Distribution of Wealth: Evidence from the Dead (slides)
Discussant: Maggie R. Jones, Bureau of the Census
12:00 pm
Pick up boxed Lunch
Session 7, Distributional National Accounts
Chair: Janet C. Gornick, City University of New York
12:10 pm
Dennis Fixler, Bureau of Economic Analysis
Marina Gindelsky, Bureau of Economic Analysis
David Johnson, University of Michigan

Distributing Personal Income: Trends Over Time (slides)
12:30 pm
Richard P. Tonkin, United Nations Statistics Division
Sean White, UK Office for National Statistics
Sofiya Stoyanova, UK Office for National Statistics
Aly Youssef, UK Office for National Statistics
Sunny Sidhu, UK Office for National Statistics
Chris S. Payne, UK Office for National Statistics

Developing Indicators of Inequality and Poverty Consistent with National Accounts
12:50 pm
Michael Batty, Federal Reserve Board
Jesse Bricker, Federal Reserve Board
Joseph S. Briggs, Federal Reserve Board
Sarah Friedman, Federal Reserve Board
Danielle Nemschoff, University of Chicago
Eric Nielsen, Federal Reserve Board
Kamila Sommer, Federal Reserve Board
Alice Henriques Volz, Federal Reserve Board

The Distributional Financial Accounts of the United States (slides)
1:10 pm
Stefan Bach, DIW Berlin
Charlotte Bartels, DIW Berlin
Theresa Neef, Freie Universität Berlin

Distributional National Accounts: A Macro-Micro Approach to Inequality in Germany
Discussant: William Gale, Brookings Institution
2:00 pm
Adjourn