A Study on the Impact Mechanism of Social Mobility and Economic Conditions on Income Inequality of the United States

DOI

10.2991/978-94-6463-010-7_4How to use a DOI?

Keywords

Economic conditions; Social mobility; Fixed effects models; Income inequality

Abstract

Based on the panel data of income inequality in each state provided by us official institutions, this paper studies the factors of social mobility and the economic status of people in each state on income inequality in the US. This paper further make a clear distinction between social mobility and income inequality on the basis of the concept of social mobility decomposition using the theoretical model for flow positive, negative and not flow three parts, and then build panel data regression model, respectively test the three influence on family economic conditions, resulting in the United States states the reasons of income inequality. The results show that total social mobility has a significant positive correlation with income inequality. Positive liquidity helps to reduce income inequality, but the effect is not significant. Negative and immobility significantly increase income inequality. Therefore, giving full play to the moderating role of taxation and transfer payments through state means in the field of redistribution will help reverse the reverse effect of social mobility and family economic conditions on income distribution, thus alleviating the current situation of income inequality.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zheng Jiang
AU  - Hongsheng Yan
AU  - Yutong Zhong
AU  - Hanxi Que
AU  - Anqi Shu
PY  - 2022
DA  - 2022/12/02
TI  - A Study on the Impact Mechanism of Social Mobility and Economic Conditions on Income Inequality of the United States
BT  - Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
PB  - Atlantis Press
SP  - 19
EP  - 27
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-010-7_4
DO  - 10.2991/978-94-6463-010-7_4
ID  - Jiang2022
ER  -