Tag Archives: education

BY JULIA B. ISAACS, The Brookings Institution

INTERNATIONAL COMPARISONS OF

ECONOMIC MOBILITY

reedom from the constraints of aristocratic society lured many of our ancestors tocross the ocean to the New World. European visitors such as Alexis de Tocqueville marveled at the economic dynamism and social mobility of American society in the first half of the nineteenth century.1 More recently, immigrants continue to cross our boundaries in search of the promise of the American Dream. Given this history, many Americans believe that the opportunities for moving up the economic ladder are greater in the United States than they arein other countries. But is this widely held assumption of greater […]

Economic mobility


Economic mobility is the ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income . Economic mobility is often measured by movement between income quintiles . Economic mobility may be considered a type of social mobility , which is often measured in change in income. Types of mobility[ edit ]

There are many different ideas in the literature as to what constitutes a good mathematical measure of mobility, each with their own advantages and drawbacks. [1] [2]

Mobility may be between generations ("inter-generational") or within a person or groups lifetime […]

Egalitarianism under Pressure: Toward Lower Economic Mobility in the Knowledge Economy?

Discussion PaPer series

IZA DP No. 10664

Simen Markussen Knut RøedAny opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world’s largest network of economists, whose research aims […]

Occidental Tops for Quality, Economic Mobility

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Occidental is one of the country’s top liberal arts colleges as measured by the quality of education and the economic mobility it delivers to its students, according to new rankings from the Wall Street Journal and The New York Times . In the inaugural Wall Street Journal /Times Higher Education college rankings , Occidental emerged as No. 27 among liberal arts colleges. Unlike many other college rankings, the WSJ/THE list focuses not on test scores and acceptance rates but such factors as resources devoted to academic programs, effective student engagement, graduation rates, and alumni salaries.

“We focus on what students […]

Govt can no more predict how many graduates needed by economy than it can predict shape and size of GDP growth


by Chris Kuan

Further to this 30-40% graduate cohort thingy. Beyond the fact of the Artificial Intelligence (AI)and tech revolution which ought to tell us we should err on the side of too much education and too much graduates than too few, and beyond the moral implications of killing off aspirations of a large part of society, the government can no more predict how many graduates are needed to "align" with the economy than it can predict the shape and size of GDP growth.

If it can predict in enough accuracy to set the number of graduates be it 30% or […]

Income Inequality Research Paper


CLICK HERE Income Inequality and Poverty – NBER NATIONAL BUREAU OF ECONOMIC RESEARCH . Sunday, April 30, 2017 The first part of this paper argues that income inequality is not a problem in need of remedy. The real distributional problem is not inequality but poverty. The paper Causes and Consequences of Income Inequality : A Global – IMF 1 Jun 2015 1 Frank Wallace and Zhongxia Zhang provided excellent research assistance. We also Wealth and Income Inequality in Advanced and Emerging Market Economies, 2000 ______ 16. 12. objective of this paper is two-fold. ILO Research Paper No. 1: Income […]

Why Fewer Americans Outearn Their Parents


There was a time when most Americans could expect their children to grow up and be better off than they were. As my colleague Alana Semuels notes , most baby boomers born in the 1940s ended up earning more money than their parents, and they did so well before middle age. But that is no longer the case, according to new research from economists and sociologists at Stanford, Harvard University, and the University of California, Berkeley, which finds that it’s now significantly harder for younger generations to improve their financial standing.

For the first time, economists and sociologists are able […]

Why inequality isn’t just about money – it’s about stability


May 5, 2017 —Which would you rather have: a higher-paying job, or a more predictable one?

Taking a bird’s-eye view of upward mobility probably would lead to the first answer – more money is always a step up. But look beneath the surface, and the second is a deeper concern for a growing swath of Americans. Not knowing how much money is coming in every month, or even every week, can make it hard to cover everyday expenses and even harder to get a leg up on things like saving for retirement and paying for education.

For Kieran Ridge, who owns […]

The fading American Dream: Trends in absolute income mobility since 1940


One of the defining features of the ‘American Dream’ is the ideal that children have a higher standard of living than their parents (Samuel 2012). In a new paper, we assess whether the US is living up to this ideal by estimating rates of ‘absolute income mobility’ – the fraction of children who earn more than their parents – since 1940 (Chetty et al. 2017).

We measure absolute mobility by comparing children’s household incomes at age 30 (adjusted for inflation using the Consumer Price Index) with their parents’ household incomes at the same age. We find that rates of absolute […]

The science of inequality: why people prefer unequal societies


Anyone looking for evidence that people have a natural aversion to inequality will find numerous laboratory studies that seemingly confirm their view. Studies have found “a universal desire for more equal pay”, “ egalitarian motives in humans”, “ egalitarianism in young children”, and that “ equality trumps reciprocity ”. A Google Scholar search for “inequality aversion” yields over 10,000 papers that bear on this topic.

When subjects in laboratory studies are asked to divide resources among unrelated individuals, they tend to divide them equally . If a previous situation has led to a pre-existing inequality, people will divide future resources […]