Tag Archives: marriage

Here’s Why Going to College Actually Doesn’t Change Your Income That Much

College

FabrikaSimf

College education in the United States continues to climb . Not all college majors are created equal if you’re looking to make the big bucks (specifically, these are the ones you should avoid if you want to make any money at all ), but it seems like an agreed-upon fact that some sort of college degree is better for your bottom line than no college degree at all. But, according to The Atlantic , having a bachelor’s degree may not matter as much as one would think.

A new working paper by Jesse Rothstein, a professor of public policy and […]

New Study: Education Is Important, But It Is Not the Key to Economic and Social Mobility

Rachel M. Cohen writes in The Atlantic about a new study by Jesse Rothstein, showing that education is important but it is not the key to economic and social mobility.

She writes:

“A new working paper authored by the UC Berkeley economist Jesse Rothstein builds on that research, in part by zeroing in on one of those five factors: schools. The idea that school quality would be an important element for intergenerational mobility—essentially a child’s likelihood that they will one day outearn their parents—seems intuitive: Leaders regularly stress that the best way to rise up the income ladder is to go […]

Education Isn’t the Key to a Good Income

A man climbs a ladder.

One of the most commonly taught stories American schoolchildren learn is that of Ragged Dick, Horatio Alger’s 19th-century tale of a poor, ambitious teenaged boy in New York City who works hard and eventually secures himself a respectable, middle-class life. This “rags to riches” tale embodies one of America’s most sacred narratives: that no matter who you are, what your parents do, or where you grow up, with enough education and hard work, you too can rise the economic ladder.

A body of research has since emerged to challenge this national story, casting the United States not as a meritocracy […]

Socioeconomic mobility in the United States


Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to socioeconomic mobility, and the advertisement appealed to Americans’ belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution .

Socioeconomic mobility in the United States refers to the upward or downward movement of Americans from one social class or economic level to another, [1] through job changes, inheritance, marriage, connections, tax changes, innovation, illegal activities, hard work, lobbying, luck, health […]

Education Isn’t the Key to a Good Income

A man climbs a ladder.

One of the most commonly taught stories American schoolchildren learn is that of Ragged Dick, Horatio Alger’s 19th-century tale of a poor, ambitious teenaged boy in New York City who works hard and eventually secures himself a respectable, middle-class life. This “rags to riches” tale embodies one of America’s most sacred narratives: that no matter who you are, what your parents do, or where you grow up, with enough education and hard work, you too can rise the economic ladder.

A body of research has since emerged to challenge this national story, casting the United States not as a meritocracy […]

The Stanford Center on Poverty and Inequality

STATE OF THE UNION

PATHWAYS • The Poverty and Inequality Report 2016

economic mobilityKEY FINDINGS• When compared to 24 middle-income and high- income countries, the U.S. ranks 16th in the amount of intergenerational earnings mobility.• The relatively low level of mobility in the U.S. may arise in part because low-income children in the U.S. tend to have less stable and lower- income families, less secure families, and parents who have less time to devote to their children.It is often claimed that there is much tolerance in the U.S. for high levels of inequality, as long as that inequal- ity arises from […]

Islamophobia ‘hindering social mobility’ for young UK Muslims

Islamophobia

Muslims face the largest economic disadvantages of any faith group in the United Kingdom. [Getty] Muslims face the largest economic disadvantages of any faith group in the United Kingdom with Islamophobia and discrimination creating immense barriers to social mobility.

Muslims face the largest economic disadvantages of any faith group in the United Kingdom with Islamophobia and discrimination creating immense barriers to social mobility.

A new report published on Thursday by the Social Mobility Commission, an independent advisory body for the government, found that Muslims are being held back at every stage of life , facing significant disadvantages in housing, educational, unemployment […]

Income Inequality Matters, but Mobility Is Just as Important

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Concerns about rising income inequality are based on comparing income distributions over time. It is important to remember that such distributions are snapshots of a single year, and that the same households do not necessarily appear year after year in the same quintile of the distribution. Paying attention to mobility, as well as inequality, gives us a richer picture of the income possibilities for households over time. We document changes in a measure of income mobility over the past 40 years, a period in which income inequality has increased. We find a modest level of movement through the distribution, […]

The Stanford Center on Poverty and Inequality

STATE OF THE UNION

PATHWAYS • The Poverty and Inequality Report 2016

economic mobilityKEY FINDINGS• When compared to 24 middle-income and high- income countries, the U.S. ranks 16th in the amount of intergenerational earnings mobility.• The relatively low level of mobility in the U.S. may arise in part because low-income children in the U.S. tend to have less stable and lower- income families, less secure families, and parents who have less time to devote to their children.It is often claimed that there is much tolerance in the U.S. for high levels of inequality, as long as that inequal- ity arises from […]

New Data on Wealth Mobility and Their Impact on Models of Inequality

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Using data on families’ wealth over time, we calculate changes in relative wealth mobility; that is, how likely families are to move up or down the wealth distribution, relative to one another. We find families have become less likely to change their position in the wealth distribution over time, and those that do move are less likely to go very far. We also look at the savings behaviors that are associated with more mobile families and find that families that make large movements through the wealth distribution appear to be more likely to own some form of a risky […]