Global Trends in Income Inequality and Income Dynamics: New Insights from GRID

Guvenen, Fatih; Pistaferri, Luigi; Violante, Giovanni L.

doi:10.3386/w30524

Cited by 2 publications

(2 citation statements)

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“…These rapid changes may have been particularly impactful for some, such as those already lacking economic resources (i.e., low socioeconomic status [SES]). While the lasting impact of COVID‐19 is uncertain, history indicates that economic decline hits hardest on those with greater economic insecurity (Guvenen, 2017).…”

Section: Figurementioning

confidence: 99%

“…Given the sudden, unique influence of COVID‐19 on the Class of 2020, the current research sought to examine if students changed their academic and career goals during a crisis and identify resources that may promote goal persistence. As historical evidence suggests deepening inequality during global crises, this research aimed to identify the emergence of psychological signs of inequality by SES (Berube & Bateman, 2020; Guvenen, 2017; Taylor et al., 2010). Specifically, this research sought to determine if economically disadvantaged students were more likely to change their goals during a crisis when compared to their peers.…”

Section: Figurementioning

confidence: 99%

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The psychological benefit of future vividness in goal persistence: An illustrative case of the class of 2020 before & during COVID‐19

McMichael

Kwan

2023

Social & Personality Psych

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Graduating during COVID‐19, the Class of 2020 had difficulty pursuing their future goals. This research examined the likelihood of academic and career goal change early in the pandemic, disparities in persistence by socioeconomic status (SES), and how psychological resources mitigated goal change during the early stages of the pandemic. This 4‐year study surveyed students in the Class of 2020 eight times from their first week in college (Fall 2016) to their last semester before graduation (Spring 2020; N = 115; 20% below middle SES, 80% middle SES or above). Even in the first weeks of COVID‐19, a quarter of students changed goals. Lower SES students were less likely to persist in their post‐graduation plans. Nevertheless, students who entered college with a vivid image of their future were more likely to have secured a graduate school or job prospect prior to COVID‐19, and, in turn, were less likely to change goals.

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Section: Figurementioning

confidence: 99%

Section: Figurementioning

confidence: 99%

The psychological benefit of future vividness in goal persistence: An illustrative case of the class of 2020 before & during COVID‐19

McMichael

Kwan

2023

Social & Personality Psych

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Global trends in income inequality and income dynamics: New insights from GRID

Guvenen

Pistaferri

Violante

2022

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The Global Repository of Income Dynamics (GRID) is a new open‐access, cross‐country database that contains a wide range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it fully exploits the longitudinal dimension of the underlying data sets; it offers granular descriptions of income inequality and income dynamics for finely defined subpopulations; and it is designed from the ground up with the goals of harmonization and cross‐country comparability. This paper introduces the database and presents a set of global trends in income inequality and income dynamics across the 13 countries that are currently in GRID. Our results are based on the statistics created for GRID by the 13 country teams who also contributed to this special issue with individual articles.

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Global Trends in Income Inequality and Income Dynamics: New Insights from GRID

Abstract: NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

Cited by 2 publications

References 32 publications

The psychological benefit of future vividness in goal persistence: An illustrative case of the class of 2020 before & during COVID‐19

The psychological benefit of future vividness in goal persistence: An illustrative case of the class of 2020 before & during COVID‐19

Global trends in income inequality and income dynamics: New insights from GRID

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