Beechen Cliff School year 8 students Sam Wild (L), Henry Thomas (C), and Patrick Akbar read from Jane Austen’s novel "Pride and Prejudice" during a twelve hour live readathon at the Jane Austen Center in Bath, southern England January 28, 2013. Here’s a stubborn mathematical fact: each quintile can only contain 20 percent of the income distribution. If you want more people rising into the top quintile, you need more people falling down.
Just as there is intergenerational stickiness at the bottom of the income distribution, there is also stickiness at the top. A number of factors, combining to create […]