HispanicPundit + mobility   72

The Ezra Klein Show - Can Raj Chetty save the American dream? | Listen via Stitcher for Podcasts
The argument that culture is the cause of poverty and lack of mobility and what the government can do to mitigate it.
Poverty  culture  USA  Chetty  klein  podcasts  mobility  Lifeexpectancy  Blacks 
15 days ago by HispanicPundit
Raj Chetty’s American Dream - The Atlantic
On his national atlas, the most obvious feature is an ugly red gash that starts in Virginia, curls down through the Southeast’s coastal states—North Carolina, South Carolina, Georgia, and Alabama—then marches west toward the Mississippi River, where it turns northward before petering out in western Tennessee. When I saw this, I was reminded of another map: one President Abraham Lincoln consulted in 1861, demarcating the counties with the most slaves. The two maps are remarkably similar. Set the documents side by side, and it may be hard to believe that they are separated in time by more than a century and a half, or that one is a rough census of men and women kept in bondage at the time of the Civil War, and the other is a computer-generated glimpse of our children’s future.
Chetty  mobility  maps  USA  History  Blacks  AtlanticMonthly 
8 weeks ago by HispanicPundit
The Birth of the New American Aristocracy - The Atlantic
Obesity, diabetes, heart disease, kidney disease, and liver disease are all two to three times more common in individuals who have a family income of less than $35,000 than in those who have a family income greater than $100,000. Among low-educated, middle-aged whites, the death rate in the United States—alone in the developed world—increased in the first decade and a half of the 21st century.
Inequality  mobility  USA  world  AtlanticMonthly 
june 2018 by HispanicPundit
Elite colleges perpetuate inequality — Joanne Jacobs
The “true mobility champions of higher education” are places like “State University of New York at Stony Brook, where 16 percent of students are from the bottom quintile, more than four times the Ivy League average,” writes Thompson. “Other all-stars in this category include California State University in Los Angeles, Pace University in New York, and South Texas College.”

While “spending on Pell Grants for low-income students nearly tripled between 2001 and 2011,” almost none of that went to the very poor, the economists found. Congress raised the income-eligibility threshold for Pell to qualify more families for aid.

“Practically the entire growth in low-income students has happened at for-profit colleges,” where students are the least likely to earn a degree and have the worst earnings outcomes if they do, writes Thompson.
pellgrants  profit  University  mobility  jacobs 
may 2018 by HispanicPundit
McArdle: “How Utah Keeps the American Dream Alive” - The Unz Review
Or maybe the whole country used to look a lot like Utah and, back then, we had a solution. But then we broke the country with diversity and now remote Utah is just a rare shard of what we used to have nationwide?
mobility  Utah  mcardle  sailer  Chetty 
april 2017 by HispanicPundit
Understanding the Long-Run Decline in Interstate Migration - Marginal REVOLUTION
We analyze the secular decline in gross interstate migration in the United States from 1991 to 2011. We argue that migration fell because of a decline in the geographic specificity of returns to occupations, together with an increase in workers’ ability to learn about other locations before moving. Micro data on earnings and occupations across space provide evidence for lower geographic specificity. Other explanations do not fit the data. A calibrated model formalizes the geographic specificity and information mechanisms and is consistent with cross-sectional and time-series evidence. Our mechanisms can explain at least half of the decline in migration.

As I put it in the book, if you are a dentist you probably are not going to move from Columbus, Ohio to Denver, Colorado for higher dentist wages.  Rather you will figure out pretty early on which location you prefer and then stay there.
mobility  USA  cowen 
march 2017 by HispanicPundit
In Sweden, inheritances reduce inequality - Marginal REVOLUTION
This study estimates the effect of inheriting wealth on inequality and mobility in the wealth distribution. Using new population-wide register data on inheritances in Sweden, we find that inheritances reduce inequality and increase mobility among heirs. Richer heirs indeed inherit larger amounts, but less affluent heirs receive substantially larger inheritances relative to their pre-inheritance wealth than do richer heirs. The Swedish inheritance tax had a small overall impact but appears to have mitigated the equalizing effect of inheritances. We also investigate the potentially confounding role of pre-inheritance gifts and behavioral responses to expectations about future inheritances, but neither of them change the main finding that inheritances reduce wealth inequality.
inequality  mobility  estate-tax  Sweden  cowen 
november 2016 by HispanicPundit
A Tax on Social Mobility - The American Interest
Impact fees are just one of the ways that local government regulations have artificially raised the cost of housing in recent years. Such restrictions have benefitted the wealthy—suppressing new construction enhances the property value of people who already own real estate—while making it harder for young people and working families to start building home equity. They have also probably dulled the (sluggish) economic recovery by swallowing up a big chunk of wage growth that has taken place since the Great Recession.
mobility  zoning  AmericanInterest 
september 2016 by HispanicPundit
Today's rich families in Florence, Italy, were rich 700 years ago - Vox
Barone and Mocetti show that, empirically, this is not the case, and there is meaningful income persistence across seven centuries in Florence. Their paper adds to earlier work by UC Davis economic historian Gregory Clark, which reached a similar conclusion with regard to Sweden going back to the 17th century. The implication is that there's much less economic mobility over the long run than short-term figures would lead you to believe — even in the countries where short-term mobility is very high.
mobility  europe  yglesias 
september 2016 by HispanicPundit
New Study Finds Evidence That Rents Might Be Higher in the US than in Europe -
Overall, according to the paper, wealth creation is much more dynamic in the US than in Europe. The US has a higher share of billionaire founders than Europe, and while fifty percent of European billionaires inherited their wealth, the share of American billionaires who inherited their fortunes is a little less than a third, and less than 10 percent of inherited US fortunes are fourth generation or older. The median age of European companies associated with billionaires is 61, compared with 42 in the US.
finance  Europe  USA  mobility  ProMarket 
august 2016 by HispanicPundit
Upward mobility in the United States is not declining as many citizens think
Here is summary coverage from David Leonhardt. The highly reliable David starts with this: “The odds of moving up — or down — the income ladder in the United States have not changed appreciably in the last 20 years, according to a large new academic study that contradicts politicians in both parties who have claimed that income mobility is falling.”
mobility  inequality  leonhardt  cowen 
january 2014 by HispanicPundit
Mankiw on Parental Advantages, David Henderson | EconLog | Library of Economics and Liberty
The bottom line: Even a highly successful policy intervention that neutralized the effects of differing parental incomes would reduce the gap between rich and poor by only about 2 percent. [Bold in original]
inequality  mobility  mankiw  henderson 
january 2014 by HispanicPundit
Race and equal opportunity.
Here's another look at the data on the geography of opportunity in America, this time using the prettier picture the New York Times made. Something a number of people have noticed is that the swath of bad opportunities for poor people seems to largely track the geography of where the African-American population is disproportionately located. That naturally lends itself to the hypothesis that it isn't so much that poor people have bad opportunities in these places as that black people lack upward mobility and happen to be concentrated in the southeast.
yglesias  blacks  sidebar  mobility  culture 
july 2013 by HispanicPundit
Metro area mobility: Where you're born drives how far you go.
So what drives this? The study does not really make a high-powered effort to draw strong causal inferences. But the study does show that kids who moved into a high-mobility area at a young age do about as well as the kids born in high-mobility areas, but kids who move as teenagers don't. So there seems to be a factor that isn't parent-driven. The authors report that tax policy, the existence and affordability of local colleges, and the level of extreme local wealth do not appear to be strong correlates of intergenerational mobility. Metro areas where the poor are geographically isolated from the middle class have less intergenerational mobility, while metro areas with more two-parents households, better elementary and high schools, and more "civic engagement" (measured through membership in religious and community groups) have more.
yglesias  sidebar  mobility 
july 2013 by HispanicPundit
Scott Winship on Inequality, David Henderson | EconLog | Library of Economics and Liberty
As to the claim that the incomes of most Americans have stagnated during the period in which those of the wealthiest Americans have soared, [Richard] Burkhauser's figures suggest otherwise. His research shows that the middle fifth of the income distribution was actually more than one-third richer in 2007 than it was in 1979. The Congressional Budget Office corroborates this estimate, and research by the University of Chicago's Bruce Meyer and Notre Dame's James Sullivan suggests that the increase may have been 50% or more. Such growth could be called "stagnation" only in relation to the golden age of the post-war boom, when the incomes of the middle fifth of Americans doubled over 20 years. Income growth has certainly slowed for poor and middle-class families since then, and not only in the United States: In a range of European and English-speaking countries, demographics and other factors have combined to yield lower rates of economic growth.
brookings  middleclass  henderson  sidebar  mobility  ScottWinship  wages  inequality 
march 2013 by HispanicPundit
Mobility: Low mobility associated with inherited ability is no social tragedy | The Economist
The children of earlier elites will not succeed because they are born with a silver spoon in their mouth, and an automatic ticket to the Ivy League. They will succeed because they have inherited the talent, energy, drive, and resilience to overcome the many obstacles they will face in life. Life is still a struggle for all who hope to have economic and social success. It is just that we can predict who will be likely to possess the necessary characteristics from their ancestry
genetics  economist  IQ  sidebar  mobility 
february 2013 by HispanicPundit
CONVERSABLE ECONOMIST: The Great Gatsby Curve
"Economic models have emphasized the importance of parental investment in children’s human capital as one of the key mechanisms behind the intergenerational transmission of labor market earnings. One such model developed by Solon points to at least two important factors that could cause intergenerational
mobility to change over time: changes in the labor market returns to education and changes in the public provision of human capital. In periods where the returns to schooling are rising, the payoff to a given level of parental investment in children’s human capital will be larger, causing differences between families to persist longer and leading to a decline in intergenerational mobility. In contrast, during periods where public access to schooling becomes more widely available, then one might expect the intergenerational association to decline and mobility to rise."
In short, when the returns to human capital are especially high, inequality will be higher. In this situation, those wi
sidebar  parenting  timtaylor  krueger  mobility  inequality 
february 2012 by HispanicPundit
Scott Winship summary on mobility and inequality — Marginal Revolution
…evidence on earnings mobility in the sense of where parents and children rank suggests that our uniqueness lies in how ineffective we are at lifting up men who were poor as children. In other words, we have no more downward mobility from the middle than other nations, no less upward mobility from the middle, and no less downward mobility from the top. Nor do we have less upward mobility from the bottom among women. Only in terms of low upward mobility from the bottom among men does the U.S. stand out.
mobility  genderissues  usa  debates  cowen  sidebar 
february 2012 by HispanicPundit
What else predicts mobility? — Marginal Revolution
But what about all the other potential reasons, beyond what their Gini Coefficient was in 1985, for varying levels of social mobility between countries as diverse as Japan, France, and New Zealand?

The most obvious example is just the size of the countries. It’s at least plausible that much bigger countries contain more variety. In fact, if you do something as simple as recreate the Great Gatsby Curve, but use the population of each country as the X-axis, you get a very strong a statistical relationship (log-linear R2 = .64). Big countries have higher IGE. Call it the Moby Dick Curve.

Alternatively, we might see that some countries tend to specialize more than others. As a practical example, part of the reason that a country like Finland can have so much equality and social mobility versus America might be that many more of the relatively poorer farmers who trade food for Finnish mobile phones live and reproduce in other countries. If so, then we might see that if we replace the X-
sidebar  cowen  manzi  nro  krueger  debates  inequality  mobility 
february 2012 by HispanicPundit
What does the inequality-immobility link mean?
If we could fix these problems, that would mean a smaller financial sector, less moral hazard, better allocation of capital, and for most/all income classes rates of income growth comparable to the 1948-1972 period, chop it up as you wish. Imagine that everyone’s income went up three percent a year, every year, and every generation was about twice as rich as the parents. Whether there then would be more or less marginal “churn” in the relative income rankings is not a matter of irrelevance but having somewhat more churn should not be viewed as a major social goal per se. It would depend on the reason for the immobility, and the real focus of our concern would be the reason (e.g., bad schools? some kind of unfairness?), and not the marginal change in the numerical churn per se.

Given that background, and those two very real problems, you can in fact create other “problems” by creating and manipulating more complicated statistics, based on the initial problems, and that can lead you
sidebar  cowen  krueger  debates  mobility  inequality 
january 2012 by HispanicPundit
Are Inequality and Immobility Inseparable?
This is a policy mix that would clearly lead to at least some reductions in post-tax inequality between the top 1 percent and everyone else. It’s much less clear whether it’s a policy mix that would do much for middle-class wages overall or enhance upward mobility for the working poor. If you look at the comparison of mobility in Denmark to mobility in the United States that accompanied DeParle’s article, it’s clear that our mobility problem is concentrated in the poorest quintile of the population. If you look at data on middle-class wage stagnation, meanwhile, it’s clear that a big part of the problem is the growth of health care costs, which claim an ever larger — and very soon, impossibly large — chunk of take-home pay. Taken together, then, there’s a good case to be made that the quest for broadly shared prosperity requires thinking through and addressing issues like family breakdown and mass incarceration at the bottom of the ladder (as well as the impact of low-skilled immigrati
sidebar  douthat  liberalism  inequality  mobility 
january 2012 by HispanicPundit
Why economic mobility measures are overrated
4. Why do many European nations have higher mobility? Putting ethnic and demographic issues aside, here is one mechanism. Lots of smart Europeans decide to be not so ambitious, to enjoy their public goods, to work for the government, to avoid high marginal tax rates, to travel a lot, and so on. That approach makes more sense in a lot of Europe than here. Some of the children of those families have comparable smarts but higher ambition and so they rise quite a bit in income relative to their peers. (The opposite may occur as well, with the children choosing more leisure.) That is a less likely scenario for the United States, where smart people realize this is a country geared toward higher earners and so fewer smart parents play the “tend the garden” strategy. Maybe the U.S. doesn’t have a “first best” set-up in this regard, but the comparison between U.S. and Europe is less sinister than it seems at first. “High intergenerational mobility” is sometimes a synonym for “lots of pa
sidebar  cowen  culture  sweden  denmark  europe  usa  mobility 
january 2012 by HispanicPundit
Prove Me Wrong: Income Mobility
So what happens to inequality when one profession becomes more respected?  It depends.  If people in the profession currently earn less than average, then giving them more respect increases inequality.  But if people in the profession currently earn more than average, then giving then more respect actually decreases inequality.

Now for the fun part.  Imagine people become more egalitarian, to the point where they heap scorn on the rich and successful.  What is the effect on inequality?  By the previous logic, the effect is directly counter-productive.  The more you scorn rich people, the more people you scare away from high-income professions.  The more you scare away, the lower their supply.  And the lower their supply, the higher their income!

Lesson: If you really want a materially more equal society, stop beating up on the 1%.  Do a complete 180.  Smile upon them.  Admire them.  Praise them.  Sing songs about how much good they do for the world.  The direct result will be to rais
mobility  discussion  jon  iq  sidebar 
january 2012 by HispanicPundit
Mobility and Marriage, Arnold Kling | EconLog | Library of Economics and Liberty
Bryan picked up on the fact that what we call intergenerational "economic mobility" (or lack thereof) is very much a cultural phenomenon. I would like to add that marriage patterns play a role, too. If economic classes become more endogamous (tending to marry within a well-defined social group), "economic mobility" will appear to decline. The traditional artistocracy maintained itself through endogamy, and my impression is that the new economic aristocracy practices endogamy even more strictly.

In fact, I have long suspected that the contemporary significance of education is driven in part by endogamy. If you are in the affluent social group, and you want to make sure that you kids stay there, send them to a schools that sort students into gifted-and-talented classes, and as long as those classes are stocked with kids from other affluent parents, you're likely to see your kid marry within his/her social group.
mobility  marriage  inequality  caplan  kling  sidebar 
november 2011 by HispanicPundit
Inequalities: Paul Krugman gets distracted | The Economist
But Mr Brooks does not even suggest that the education gap explains this. He attributes "Blue Inequality" to changes in compensation norms and superstar effects. He even notes that the top 1% in the big cities wield "disproportionate political power", which is what really bothers Mr Krugman. Indeed, it bothers Mr Krugman so much he cannot be brought even to acknowledge the idea that the very real inequalities Mr Brooks enumerates between college grads and the rest are important at all, much less more important than the disproportionately rising fortunes of the top 1% or .1%. The only point Mr Krugman seems to want to make is that "income inequality in America really is about oligarchs versus everyone else."
inequality  poverty  mobility  brooks  krugman  wilkinson  economist  sidebar 
november 2011 by HispanicPundit
Super-Economy: The rich in Europe are poor.
The benefits of the rich, and why they too have a better standard of living in the USA than Europe.
standardofliving  capital  europe  usa  SuperEconomy  sidebar  fundamentals  mobility 
april 2011 by HispanicPundit
There’s no their there
"And notice that the overall change between generations is an increase in real terms (corrected for inflation) from $55,600 to $71,900. That’s an increase of 29%. And the inflation correction probably overstates inflation. Not exactly the Great Stagnation. There is ZERO gain in the top quintile. I know. The top quintile is not the top 1%. But my point is that if you look at the share going to the top quintile between 1969 and 1999 as two snapshots, you’d find big gains for the top quintile that is misleading in the same way the Stiglitz inference from the data is misleading."
inequality  economic-stagnation  stiglitz  roberts  sidebar  mobility 
april 2011 by HispanicPundit
The Great Distortion
A similar pattern occurs in the US starting in the 1970s. If you look at panel data in the US–that is if you follow the same people over time, there is growth in every quintile of the income distribution and the biggest growth occurs among the poorest households. This can be true even though the median is unchanged across all workers. These data are from the Pew project on income mobility, comparing family income from the late 1960′s to the late 1990;s, when supposedly the median stagnated and the rich got all the gains. The panel data tell a very different story relative to the snapshot of the two medians over time.
economic-stagnation  canada  divorce  cowen  boudreaux  mobility  sidebar  pew 
march 2011 by HispanicPundit
Greg Mankiw's Blog: The Half-Full Glass of Economic Mobility
The bottom line: In light of the heritability of talent, it would be shocking if we did not find some significant heritability of income. And that would be true even if equality of opportunity were perfect.

One further thought: The study cited above points out that economic mobility is greater in some European countries. That fact does not surprise me, as those are nations with less inequality. Moving up and down a short ladder is a lot easier than moving up and down a tall one.
IQ  genetics  mobility  europe  krugman  mankiw  sidebar 
january 2011 by HispanicPundit
More Thoughts on Equality of Opportunity - NYTimes.com
My vision of economic morality is more or less Rawlsian: we should try to create the society each of us would want if we didn’t know in advance who we’d be. And I believe that this vision leads, in practice, to something like the kind of society Western democracies have constructed since World War II — societies in which the hard-working, talented and/or lucky can get rich, but in which some of their wealth is taxed away to pay for a social safety net, because you could have been one of those who strikes out.
liberalism  social-insurance  mobility  philosophy  krugman  sidebar 
january 2011 by HispanicPundit
Matthew Yglesias » When Poverty is a Step Up
Immigrants and children of immigrants account for 1/4 of the US poor.
immigration  mobility  poverty  yglesias  sidebar 
august 2010 by HispanicPundit
How Mobile is the U.S. Economy? | John Goodman | NCPA
"Nearly 60 percent of taxpayers who were in the bottom-earning 20 percent in 1999 (earning less than $13,000) were in a higher income group in 2007 [$99,900+], while nearly 40 percent of taxpayers who were in the top 20 percent in 1999 (earning more than $68,000) moved down by 2007…

Income mobility is even greater among high-income earners… Roughly half of millionaires from 1999 to 2007 were millionaires in just one year in the nine-year time period. By contrast, only 6 percent were millionaires in all nine years."
mobility  goodman  sidebar 
july 2010 by HispanicPundit
Matthew Yglesias » Divorce and Mobility
"As always with studies of family instability issues, I think the correlation/causation problem is pretty severe. Couples that get divorced and couples that don’t get divorced aren’t the same, so it’s difficult to say what would happen under the counterfactual where parents who aren’t happy with their marriage stay together. The fact that children of divorce actually do worse than children with unmarried mothers does, however, raise some interesting issues. For example, could “marriage promotion” backfire by at the margin taking kids out of a sub-optimal single mother scenario and putting them into an even worse divorce scenario?"
marriage  poverty  genetics  mobility  yglesias  sidebar 
may 2010 by HispanicPundit
Divorce and Upward Mobility | Capital Gains and Games
"Family structure has an impact on a child’s economic mobility prospects, according to the Pew Economic Policy Group’s report Family Structure and the Economic Mobility of Children. The group’s Economic Mobility Project found that only 26 percent of children of divorced parents who start in the bottom third of the income ladder move to the middle or top third as adults. This compares to 42 percent of children who are born to unmarried mothers and 50 percent of children with continuously married parents in the same income category."
marriage  mobility  samwick  sidebar 
may 2010 by HispanicPundit
Are You Better Off Than Your Parents Were? - Economix Blog - NYTimes.com
Mobility and IQ...both saying the same thing, though Catherine Rampbell cant figure it out.
mobility  IQ  capitalism  economix  sidebar 
february 2010 by HispanicPundit
Matthew Yglesias » Social Mobility in America
The lack of economic mobility in the United States verses other countries.
mobility  europe  usa  yglesias  sidebar 
january 2010 by HispanicPundit
CARPE DIEM: Forget Everything You've Heard in the Media About Income Inequality and Income Mobility
"n other words, almost everything we hear in the media about increasing income inequality, the disappearing middle class, the rich getting richer and the poor getting poorer, and the lack of income mobility is either flawed, deficient, incorrect, incomplete or wrong. "
inequality  mobility  middleclass  perry  sidebar 
september 2009 by HispanicPundit
Cafe Hayek: Absolute mobility, quantified
"Just don't tell me that people in the bottom 40% haven't received any of the economic gains of the last 30 years:"
mobility  middleclass  roberts  sidebar 
june 2009 by HispanicPundit
Ezra Klein - From the Comments: Can Government Work be Cool Even if it Doesn't Make You Rich?
"That's a good point. Government pay scales are very good at the middle levels and not that good at the highest levels. They make you secure but they never make you rich. That means that they often attract people looking to maximize economic stability rather than maximize economic opportunity -- which tends to attract a less entrepreneurial sort of person."
government  unions  entrepreneurs  labor  mobility  klein  sidebar 
may 2009 by HispanicPundit
New Evidence on Taxes and Income - WSJ.com
Laffer on rising wages, income mobility, and the Reagan vs Clinton years.
Reagan  Clinton  wages  middleclass  mobility  campaign2008  Laffer  sidebar 
september 2008 by HispanicPundit
CARPE DIEM: Income Mobility Is Substantial. We Move Up and Down the Income Quintiles. What's the Big Deal?
Mobility and income inequality measurements change alot when you factor in the differences between households yesterday and today.
mobility  inequality  perry  sidebar 
june 2008 by HispanicPundit
Trading towards inequality? | Free exchange | Economist.com
Free trade only sheds light on whats the real problem: a failure of our public education system.
education  free-trade  inequality  mobility  epi  economist  sidebar 
may 2008 by HispanicPundit
Uncommon Knowledge on National Review Online
Sowell discusses labor, mobility, and his new book, Economic Facts And Fallacies.
books  Sowell  interview  mobility  labor  video  NRO  sidebar 
april 2008 by HispanicPundit
Megan McArdle (February 21, 2008) - Brookings: Income mobility is not what it used to be
"“It’s still alive for immigrants but badly tattered for African-Americans,” said Ms. Sawhill, an economist and a budget official in the Clinton administration. “It’s more alive for people in the middle class than for people at the very bottom.
mobility  Blacks  immigration  McArdle  sidebar 
february 2008 by HispanicPundit
Back Talk: Was I Wrong about Income Inequality in America?
"Everyone moved up the income ladder, but the percentage increase was greater for the poor than for the rich. "
europe  USA  standardofliving  poverty  mobility  engram  sidebar 
november 2007 by HispanicPundit
RealClearPolitics - Articles - Marriage Gap Threatens the Black American Dream
"The "marriage gap" between white and black plays a big part in this story. African-Americans are much less likely than their parents were (or than white adults are now) to be married. They are also more likely to have children outside of marriage than th
Blacks  mobility  USA  poverty  sidebar 
november 2007 by HispanicPundit
FT.com | Clive Crook's blog: Land of opportunity
"America stands lower in the ranking of income mobility than most of the countries whose data allow the comparison, scoring worse than Canada, all of the Scandinavian countries, and possibly even Germany and Britain (the data are imperfect, and different
mobility  USA  europe  Crook 
november 2007 by HispanicPundit
Culture and mobility | Free exchange | Economist.com
"If mobility declines because some people are doing a better job of being good parents than in the past, then good. And lucky kids."
culture  mobility  sidebar 
november 2007 by HispanicPundit
CARPE DIEM: Forget Everything You've Heard in the Media About Income Inequality and Income Mobility
"The richest quintile is not a private club closed to new members, but a shifting, dynamic quintile composed of an ever-changing group of different individuals from year to year. "
mobility  perry  inequality  sidebar 
november 2007 by HispanicPundit
Greg Mankiw's Blog: Economic mobility is unchanged
"Among other findings, it reports that "the degree of mobility among income groups is unchanged from the prior decade (1987 through 1996)." This conclusion is consistent with other research."
mobility  USA  sidebar 
november 2007 by HispanicPundit
The Borjas Blog: Black-White Income Divergence
Black families vs. white families...and the affects on mobility from them.
mobility  Blacks  marriage  culture  race  sidebar 
november 2007 by HispanicPundit
CARPE DIEM: Despite Myths, Income Mobility is Alive and Well
"...filers who were in the poorest quintile in 1996 had moved into a higher income category by 2005. Nearly 25% jumped into the middle or upper-middle income groups, and 5.3% made it all the way to the highest quintile."
mobility  poverty  USA  sidebar 
november 2007 by HispanicPundit
Marginal Revolution: Inequality and unhappiness
"What I found was that economic inequality doesn’t frustrate Americans at all. It is, rather, the perceived lack of economic opportunity that makes us unhappy. To focus our policies on inequality, instead of opportunity, is to make a grave error—one
inequality  mobility  Happiness  sidebar 
october 2007 by HispanicPundit
Drifting apart | Free exchange | Economist.com
"...recent growth in inequality stems from a slowdown in American educational attainment...most of the growth in inequality between the highest and lowest earners is due to increasingly poor educational performance among successive American cohorts."
inequality  poverty  mobility  taxes  education  sidebar 
september 2007 by HispanicPundit
Marginal Revolution: Mobility
"...we find that short-term and long-term mobility among all workers has been quite stable since the 1950s."
mobility  inequality  sidebar 
august 2007 by HispanicPundit
Greg Mankiw's Blog: Inequality Up, Mobility the Same
"We find that short-term and long-term (rank based) mobility among all workers has been quite stable since 1950 (after a temporary surge during World War II). "
mobility  inequality  sidebar  USA  History 
august 2007 by HispanicPundit

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