The Great Gatsby Curve, the observation that for OECD countries greater cross-sectional income inequality is associated with lower mobility, has become a prominent part of scholarly and policy discussions because of its implications for the relationship between inequality of outcomes and inequality of opportunities. We explore this relationship by focusing on evidence and interpretation of an intertemporal Gatsby Curve for the United States. We consider inequality/mobility relationships that are derived from nonlinearities in the transmission process of income from parents to children and the relationship that is derived from the effects of inequality of socioeconomic segregation, which then affects children. Empirical evidence for the mechanisms we identify is strong. We find modest reduced-form evidence and structural evidence of an intertemporal Gatsby Curve for the United States as mediated by social influences.

中文翻译：

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了解了不起的盖茨比曲线

了不起的盖茨比曲线，即对经合组织国家更大的横截面收入不平等与较低的流动性相关联的观察，已成为学术和政策讨论的重要部分，因为它对结果不平等和机会不平等之间的关系有影响。我们通过关注美国跨期盖茨比曲线的证据和解释来探索这种关系。我们考虑源自父母到孩子的收入传输过程中的非线性的不平等/流动关系，以及源自社会经济隔离的不平等影响的关系，然后影响儿童。我们确定的机制的经验证据是强有力的。