The Devastating Effects of Dental Inequality in America


That our teeth are in our heads seems natural, though the location is something of a liability. The trouble starts with tooth decay, which permits the usually harmless bacteria in our mouths to enter the spongy, supportive core of the tooth (the “pulp”). Something untoward can then unfold. The germs proliferate, white blood cells amass, pus accumulates, and a dental abscess is born. Hence the liability: It’s not good to have all this happening so close to one’s brain.

An untreated dental abscess can invade the tissues of the head and chest. It can infect and clot the veins of […]

5th Circuit Enforces Strict Letter of BP Settlement Agreement, Finds BP Could Be on the Hook Even Where Damage Calculation Doesn’t Reflect Actual Economic Loss


Event Driven Takeaways 5th Circuit rejects the plaintiff class counsel’s challenges to the Annual Variable Margin Methodology, or AVMM, finding that it is consistent with the text of the BP settlement agreement governing claims for business economic losses caused by the Deepwater Horizon oil spill.

Concurrently, the court agrees with plaintiffs that allocating lump sum revenue across the entire year so that damages mirror actual economic loss isn’t consistent with the settlement agreement language, even though the result may not be the fairest.

As a result, the court holds that all claimants, including those engaged in construction, agriculture, education […]

Have Home, Won’t Travel: How Housing Values Impact Labor Mobility


The terms “economic mobility” and “social mobility” are used figuratively to describe ascending the wealth ladder, usually by accruing income. But such mobility can take on a more literal connotation: if a better paying job is across the country it might be worth moving. Anything that restricts a person’s ability to move to a new area inherently limits the employment opportunities available to them, forcing them to either stay in a lower paying job or commute farther for better pay.

In their paper “Housing Equity, Residential Mobility, and Commuting,” Gintautus Bloze and Morten Skak examine to what extent restricted mobility […]

Work vs. economic mobility

For many policymakers, the top two challenges we face when it comes to employment, wealth, and opportunity are that too many people are out of work and that there’s too little economic mobility.

On the first, although unemployment rates are quite low, our labor force participation rates have plummeted in recent decades. My colleagues Nick Eberstadt and Robert Doar have been tracking this phenomenon, and they (and others) have been prolific on the subject. I commend Eberstadt’s Men Without Work and “ Getting Men Back to Work ” by Doar, Orrell, and Holzer. There are lots of ways to measure […]

Editorial: Minnesota above average, but economic inequality persists


This is the second installment in an editorial series called The Changing Face of Minnesota. This year, the ECM Publishers Editorial Board is examining demographic changes and disparities in Minnesota that center around race, wealth, age, region and employment. Years before “the 1 percent” was coined as an invective against deeply uneven U.S. wealth distribution, a Minnesota congressman was tilting his sword at the problem.

The late Martin Sabo, a Minneapolis Democrat, repeatedly introduced a bill called the Income Equity Act to limit corporate tax deductions on executive salaries. His ambition, always thwarted, was to use the tax code […]

What does college affordability really look like?


(iStock)

The sticker price of some universities can easily deter students, but new research argues that affordability is a far more nuanced matter than just the cost of tuition, fees, books, room and board.

The Urban Institute launched an online project Tuesday looking at the intersection of the cost and the value of college. Judging whether higher education is economical depends on the credential being pursued, the upfront investment, the odds of completion and the long-term value, said researchers at the think tank.“It’s not a yes or no question: Is college affordable? The amount you can and should pay depends on […]

America’s declining mobility has millennials feeling stuck


Getty Images It’s graduation season, a time for celebration and optimism for the country’s newly minted college-educated young adults. It’s time to grab that diploma and chase that dream, to move into that first big-city apartment or head cross-country to follow your passion. It’s a standard part of the country’s narrative and mythology.

It’s also one of the aspects of the American dream that’s become less common for today’s young adults. In the U.S., people are staying put like never before.

According to the latest data from the U.S. Census Bureau , the percentage of Americans moving over a one-year period […]

Work vs. economic mobility

For many policymakers, the top two challenges we face when it comes to employment, wealth, and opportunity are that too many people are out of work and that there’s too little economic mobility.

On the first, although unemployment rates are quite low, our labor force participation rates have plummeted in recent decades. My colleagues Nick Eberstadt and Robert Doar have been tracking this phenomenon, and they (and others) have been prolific on the subject. I commend Eberstadt’s Men Without Work and “ Getting Men Back to Work ” by Doar, Orrell, and Holzer. There are lots of ways to measure […]

Editorial: Minnesota above average, but economic inequality persists


This is the second installment in an editorial series called The Changing Face of Minnesota. This year, the ECM Publishers Editorial Board is examining demographic changes and disparities in Minnesota that center around race, wealth, age, region and employment. Years before “the 1 percent” was coined as an invective against deeply uneven U.S. wealth distribution, a Minnesota congressman was tilting his sword at the problem.

The late Martin Sabo, a Minneapolis Democrat, repeatedly introduced a bill called the Income Equity Act to limit corporate tax deductions on executive salaries. His ambition, always thwarted, was to use the tax code to […]

Economic Mobility, Residual Wealth and Policy Implications

economic mobility

This post is the second in a two-part series on intergenerational economic mobility. Today’s post discusses the likelihood of children moving up and down the economic ladder from their parents.

The income and wealth of parents seems to have an effect on the income and wealth of their children. But how likely are children to move to different rungs of the economic ladder than their parents? The second part of our series on intergenerational economic mobility tackles these transitions.

In an article in The Regional Economist , Research Officer and Economist George-Levi Gayle and former Technical Research Associate Andrés Hincapié […]