Tag Archives: Nathan Hendren

The Inequality Deflator: Interpersonal Comparisons without a Social Welfare Function

From Nathan Hendren: This paper develops a method for resolving the equity-efficiency tradeoff that modifies the Kaldor-Hicks compensation principle to account for the distortionary cost of redistribution. The inequality deflator weights surplus by the marginal cost of providing transfers to … Continue reading

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Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States

From Raj Chetty, Nathan Hendren, Pat Kline, and Emmanuel Saez: We use administrative records on the incomes of more than 40 million children and their parents to describe three features of intergenerational mobility in the United States. First, we characterize … Continue reading

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