Still Great: Subjective Intergenerational Mobility and Income Inequality

2018 ◽  
Vol 17 (5) ◽  
pp. 496-518 ◽  
Author(s):  
Eyal Bar-Haim
Keyword(s):  
Income Inequality ◽  
Intergenerational Mobility ◽  
Structural Constraints ◽  
Downward Mobility ◽  
Great Gatsby ◽  
Individual Perceptions ◽  
Intergenerational Income Mobility ◽  
The Social ◽  
The Great Gatsby ◽  
Using Data

AbstractIn recent years, the authors of several studies have established that income inequality is negatively associated with intergenerational income mobility in a phenomenon known as “The Great Gatsby Curve.” Yet, extant research on the effects of inequality and social mobility on people’s perceptions and social and political behavior has yielded contradicting results. In light of these inconsistencies, the aim of the current study was to evaluate the association between income inequality and subjective intergenerational mobility. Using data from 40 countries, the effect of income inequality on subjective mobility was examined, along with their combined effect on views regarding redistribution. The results indicated that income inequality increases mainly subjective downward mobility. The effect of subjective mobility on the attitudes toward redistribution was found to be substantial, but there were no significant results highlighting an interaction between inequality and subjective mobility. The results show how individual perceptions of opportunity inequalities are affected by the structural constraints of society. The social implications of these results are discussed herein.

scholarly journals On Booze: a representation of The Roaring Twenties in the great Gatsby

2015 ◽  
Vol 4 (2) ◽  
pp. 152-164
Author(s):  
Jenison Alisson dos Santos ◽  
Caio Antônio de Medeiros Nóbrega Nunes Gomes ◽  
Elisa Mariana de Medeiros Nóbrega
Keyword(s):  
World War I ◽  
Historical Context ◽  
The United States ◽  
Jazz Age ◽  
Social Conventions ◽  
Great Gatsby ◽  
The Social ◽  
The Great Gatsby ◽  
American Author ◽  
Post War

Fitzgerald is considered by many to be the spokesperson of the 1920’s post-World War I, offering his readers a distinctive look into the Golden Age of the U.S.A.. This article focuses on F. Scott Fitzgerald’s masterpiece The great Gatsby (2001) and its representation and criticism of the historical context in which author and novel are inserted: the Jazz Age or the Roaring Twenties of the United States of America. For this purpose, our critical framework is based on Bloom’s (2006) and Heise’s (2001) studies on the subject, targeting a pertinent dialogue with Fitzgerald’ s work. As a result of our articulation between the critical framework and the corpus, we were able to recognize how the American author managed to express in his work a keen perception of the social conventions and the morals of the Jazz Age, of both the overt (the parties and the ostentation) and the covert aspects (the emptiness of that society and the unspoken post-war dread) of his time.

scholarly journals A Meta-Analysis of the Association between Income Inequality and Intergenerational Mobility

2019 ◽  
Vol 5 ◽  
pp. 237802311988128 ◽  
Author(s):  
Ernesto F. L. Amaral ◽  
Shih-Keng Yen ◽  
Sharron Xuanren Wang-Goodman
Keyword(s):  
Income Inequality ◽  
Gini Coefficient ◽  
Intergenerational Mobility ◽  
Meta Analysis ◽  
The United States ◽  
Income Share ◽  
Income Elasticities ◽  
Great Gatsby ◽  
The Gini Coefficient ◽  
Over Time

We provide an overview of associations between income inequality and intergenerational mobility in the United States, Canada, and eight European countries. We analyze whether this correlation is observed across and within countries over time. We investigate Great Gatsby curves and perform metaregression analyses based on several papers on this topic. Results suggest that countries with high levels of inequality tend to have lower levels of mobility. Intergenerational income elasticities have stronger associations with the Gini coefficient compared to associations with the top 1 percent income share. Once models are controlled for methodological variables, country indicators, and paper indicators, correlations of mobility with the Gini coefficient lose significance but not with the top 1 percent income share. This result is an indication that recent increases in inequality at the top of the distribution might be negatively affecting mobility on a greater magnitude compared to variations across the income distribution.

A Survey on Income Inequality in China

2021 ◽  
Vol 59 (4) ◽  
pp. 1191-1239
Author(s):  
Junsen Zhang
Keyword(s):  
Income Inequality ◽  
Negative Correlation ◽  
Relative Income ◽  
Developed Countries ◽  
Great Success ◽  
Absolute Poverty ◽  
The Past ◽  
Great Gatsby ◽  
The Great Gatsby ◽  
Over Time

After China’s recent great success in eliminating absolute poverty, addressing relative income inequality becomes a more important issue. This survey finds that income inequality rapidly increased in the first three decades since 1978 but stabilized and slightly declined in the past decade, consistent with the well-known Kuznets hypothesis. In addition to documenting the trend and patterns over time and across groups and regions, seven sources of income inequality are systematically discussed with an effort to reconcile and extend the existing literature. Furthermore, a negative correlation is documented between income inequality and intergenerational mobility, consistent with the Great Gatsby curve observed in developed countries. (JEL D31, D63, O15, P36)

Afterword

2017 ◽  
Author(s):  
Camilla Fojas
Keyword(s):  
Popular Culture ◽  
Great Recession ◽  
Social Order ◽  
Coercive Power ◽  
The Great Recession ◽  
Great Gatsby ◽  
The Social ◽  
The Great Gatsby ◽  
The Many

Postcrisis U.S. popular culture generated stories that put the capitalist social order in question by engaging the dialectics of personhood and dehumanization, normativity and deviance, freedom and imprisonment, and mobility and stasis. Many of these stories merely revise capitalism and reignite its appeal, offering outcomes that promise renewal and a return to financial and moral stability. Even the Great Gatsby returns after the Great Recession as a permutation of the many cautionary narratives about overweening economic ambition leading to inevitable failure and ruin. These postcrisis stories also contain moments of liberation from the coercive power of capitalism--moments that, if drawn together, might create an entirely new way of imagining the social order and, perhaps, encourage fantasies of liberation that might lead to their realization.

Jumping off of the Great Gatsby curve: how institutions facilitate entrepreneurship and intergenerational mobility

2014 ◽  
Vol 10 (2) ◽  
pp. 231-255 ◽  
Author(s):  
CHRISTOPHER J. BOUDREAUX
Keyword(s):  
Income Inequality ◽  
Property Rights ◽  
Institutional Quality ◽  
Income Mobility ◽  
Secondary Importance ◽  
Great Gatsby ◽  
Institutional Determinants ◽  
The Great Gatsby ◽  
Country Analysis ◽  
Cross Country

Abstract:Income inequality is often attributed to declines in income mobility following the Great Gatsby curve, but this relationship is of secondary importance in determining the factors of income mobility if one considers that changing rules is more important than changing outcomes under defined rules. Rather, improvements in institutional quality are hypothesized to increase income mobility by allowing entrepreneurs the freedom to pursue their dreams. This paper is the first to empirically analyze the institutional determinants behind entrepreneurship, and their effect on income mobility. The findings from a cross-country analysis suggest that secure property rights and less corruption are associated with less income persistence, leading to higher income mobility, independent of the Great Gatsby effect. This suggests that reducing corruption and protection of property rights increase income mobility through the channels of entrepreneurship.

Is the American dream dead? Inequality, mobility and entrepreneurship

2015 ◽  
Vol 4 (2) ◽  
pp. 234-256
Author(s):  
Young Back Choi
Keyword(s):  
Intergenerational Mobility ◽  
Negative Relationship ◽  
Critical Examination ◽  
Content Type ◽  
Statistical Inferences ◽  
Great Gatsby ◽  
Alternative Approach ◽  
The Great Gatsby ◽  
The Rich

Purpose – The purpose of this paper is to question the frequently heard claims of a negative relationship between inequality and intergenerational mobility (such as the “Great Gatsby Curve” by Alan Krueger) and to propose entrepreneurship as the neglected prime countervailing force against the putative advantages of the rich. Design/methodology/approach – A critical examination of evidences marshalled to support the case for a negative relationship between inequality and mobility, in terms of the appropriateness of statistical inferences and the consistency between implications and observations. The paper adopts alternative approach of Austrian economic in emphasizing the role of entrepreneurship in generating mobility. Findings – The putative negative relationship between inequality and mobility is not supported by evidence. The result is partly that egalitarians tend to skip close examination when they run into evidence that seems to support their preconception. It is also partly that the dominant tradition in economics, based on the model of efficient allocation of given resources, induces them to overlook entrepreneurship, the prime wealth creator and generator of mobility. Research limitations/implications – The research outlines an argument that the rich do not have advantage in entrepreneurship because it depends not on the ownership of currently valued resources, but on the discovery and exploitation of profitable opportunities. This claim is made based on Kirznerian perspective and author’s own theory of inference and learning process. However, it would be nice to able to provide empirical evidence of this claim made in the paper. Social implications – Many policies of redistribution, based on the belief that increase in inequality (as measured by Gini coefficient) signifies a diminution of intergenerational mobility, should be re-examined since the alleged negative relationship between inequality and intergenerational mobility turns out to be untrue. For greater intergenerational mobility, entrepreneurs should be encouraged, by allowing them to experiment freely. Originality/value – Emphasizing the role of entrepreneurship in intergenerational mobility and the dealing with the question of whether or not the rich would have advantage in entrepreneurship is original to this paper.

scholarly journals Income Inequality, Equality of Opportunity, and Intergenerational Mobility

2013 ◽  
Vol 27 (3) ◽  
pp. 79-102 ◽  
Author(s):  
Miles Corak
Keyword(s):  
Intergenerational Mobility ◽  
Family Background ◽  
Coming Of Age ◽  
The United States ◽  
Next Generation ◽  
Earnings Mobility ◽  
Great Gatsby ◽  
The Great Gatsby ◽  
Adult Earnings ◽  
The Relationship

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. I discuss the underlying drivers of opportunity that generate the relationship between inequality and intergenerational mobility. The goal is to explain why America differs from other countries, how intergenerational mobility will change in an era of higher inequality, and how the process is different for the top 1 percent. I begin by presenting evidence that countries with more inequality at one point in time also experience less earnings mobility across the generations, a relationship that has been called “The Great Gatsby Curve.” The interaction between families, labor markets, and public policies all structure a child's opportunities and determine the extent to which adult earnings are related to family background—but they do so in different ways across national contexts. Both cross-country comparisons and the underlying trends suggest that these drivers are all configured most likely to lower, or at least not raise, the degree of intergenerational earnings 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.

scholarly journals Hallo? Nedslag i telefonens litteraturhistorie

2014 ◽  
Vol 29 (72) ◽  
Author(s):  
Tore Rye Andersen
Keyword(s):  
Literary History ◽  
Social Space ◽  
Technological Development ◽  
Narrative Strategies ◽  
American Novels ◽  
Great Gatsby ◽  
The Social ◽  
The Great Gatsby ◽  
History Of ◽  
Crying Of Lot 49

Tore Rye Andersen: “Hello?: Episodes in the Literary History of the Telephone”Through analyses of three American novels – Francis Scott Fitzgerald’s The Great Gatsby (1925), Thomas Pynchon’s The Crying of Lot 49 (1966) and Jennifer Egan’s A Visit From the Goon Squad (2010) – this article traces the major impact that the invention of the telephone has had on both society and the culture that reflects it. The medium of the telephone has thoroughly restructured the social space that is one of literature’s most important topics, and it has provided authors with new narrative strategies, new metaphors, new topics and new props, some of which are discussed in the article. The three analyses focus on different stages in the technological development of the telephone, and together they demonstrate how changes in the medium of the telephone also result in changed possibilities for literature.

scholarly journals Title: The Great Gatsby: A Story of The American Dream and The Social Conflict

2021 ◽  
Vol 8 (10) ◽  
pp. 245-252
Author(s):  
Abdullah Abdulhaq Hussien Alaabed
Keyword(s):  
Working Class ◽  
American Dream ◽  
Social Background ◽  
Hard Work ◽  
Young Generation ◽  
Social Equality ◽  
Great Gatsby ◽  
The Social ◽  
The Great Gatsby ◽  
The Rich

The Great Gatsby is a novel that was written in 1925 by Scott Fitzgerald. it represents The American Dream and the desire of achieving it through the protagonist attempts to achieve The American Dream. The protagonist is Jay Gatsby he is a self-made man who belongs to the working class of society, he gained his wealth through the organized crime and illegal business, Jay was charmed by the lifestyle of the rich people and the identity of being one of them. He used his fortune to make incredible parties in his mansion showing his wealth power and to attract Daisy’s attention, the women he loves most. Gatsby represents the American dreamers who belong to the repressed class of society, this young generation who believes in The American Dream and the possibility of achieving it. The American Dream was created by the dominant class of society in order to control the economic system. The falsie fact that this dream was built upon is the social justice, the social equality that gives equal chances to everyone to achieve their desires via hard work without concern about their social background. The American Dream is mainly about either wealth obtaining which was the aspiration of these young working-class people or social ascendency. Gatsby despite his recent gained fortune and new identity as he changed his name from James to Jay Gatsby was not able to be a member of the bourgeoisies; he was rejected due to his social background. Therefore, the social equality concept was denied alongside the hard work and equality of chances in achieving The American Dream was denied by the illegal career of Gatsby.

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