Inequality and Mobility over the Past Half-Century Using Income, Consumption, and Wealth

Thanks to Carsten Schroder, Darrick Hamilton, Marc St-Pierre, Salvatore Morelli, Karen Dynan, participants at the 35th General Conference of the International Association for Research on Income and Wealth, the 8th ECINEQ meetings, the 2019 Southern Economic Meetings, and the 2019 PSID User Conference, and the NBER Conference on Measuring and Understanding the Distribution and Intra/Inter-Generational Mobility of Income and Wealth for helpful comments, and Nishaad Rao for research assistance. Contact author David Johnson, johnsods@umich.edu, University of Michigan, 426 Thompson St, Rm 3234, Ann Arbor, MI, 48106. The views expressed in this research are solely those of the authors and do not necessarily reflect the official positions or policies of Stanford University or University of Michigan. The authors accept responsibility for all errors. The authors thank the Russell Sage Foundation for their support. PSID Data collection is supported by the National Science Foundation [SES 1623864], the National Institute on Aging [R01 AG040213], and the National Institute of Child Health &

Human Development [R01 HD069609]. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.