Tag Archives: marriage

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

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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 […]

The Estate Tax: An Economic Justice No-Brainer

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Economic inequality is one of our biggest problems as a society, and it’s ruining our health. But it’s hard to write headlines about something that gets incrementally worse every day, instead of making a dramatic, newsworthy entrance. Bernie Sander’s campaign struck a chord by focusing on income inequality, and Trump garnered popularity by addressing workers on the losing end of the economy (though, I would argue, not with actual solutions).

I wish I could write a column about the perfect solution to income inequality. But a problem with many causes, needs multiple solutions. A lot of opportunity exists within the […]

US: Longevity and income – BBH

Analysts at BBH explain that Americans do not like to talk about class as m any like to think that there are no classes in the US and that sufficient hard work and one’s socio-economic status can be raised.

Key Quotes

“These days, discussions of the disparity of wealth and income are acceptable ways to talk about class.” “There are various studies that suggest such mobility is becoming more difficult. A college degree no longer guarantees a secure middle-class living and lifestyle. Moreover, household income is a strong indicator of a range of life opportunities. In addition to consumption […]

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, […]

Black college graduates are losing wealth. Here’s what can help.


2013 graduates of Bowie State University. (Chip Somodevilla/Getty Images) Ray Boshara is the director of the St. Louis Fed’s Center for Household Financial Stability and a senior fellow in the Aspen Institute’s Financial Security Program. The views here are his own.

Acclaimed TV shows such as “ Atlanta ,” “ Black-ish ” and “ Insecure ” reveal a troubling paradox: Why do many well-educated black Americans feel so economically insecure? Here’s a surprising clue: Blacks with college degrees have lost wealth over the past generation.

Lots of wealth, in fact — and in sharp contrast to whites. Research from the […]

The American Dream Hinges on Family


If Republicans want to improve working-class social mobility, they should pursue policies that put the family first.

Editor’s Note: This piece was written in partnership with the Annie E. Casey Foundation as part of their “Opportunity 2017: An Agenda to Increase Prosperity.”

One of the most troubling trends of our time is the decline in economic opportunity. From the early 20th century until the 1980s, children consistently out-earned their parents. Then the tide stopped rising and children’s odds of out-earning their parents became entirely random, as Stanford economist Raj Chetty has shown.This sorry state of affairs persists today. […]

How Did America’s Wealth Inequality Reach This Level of Toxic?


Photo Credit: nuvolanevicata / Shutterstock The following is an adapted excerpt from the new book Toxic Inequality: How America’s Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future by Thomas M. Shapiro. Copyright © 2017. Available from Basic Books, an imprint of Perseus Books, LLC, a subsidiary of Hachette Book Group, Inc.:

In recent years, as living standards for many families have declined and productivity, income, and wealth gains have flowed to the very top, a new conversation about inequality has emerged in the United States. The Occupy Wall Street movement, which began in the fall […]

How Did America’s Wealth Inequality Reach This Level of Toxic?


Photo Credit: nuvolanevicata / Shutterstock The following is an adapted excerpt from the new book Toxic Inequality: How America’s Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future by Thomas M. Shapiro. Copyright © 2017. Available from Basic Books, an imprint of Perseus Books, LLC, a subsidiary of Hachette Book Group, Inc.:

In recent years, as living standards for many families have declined and productivity, income, and wealth gains have flowed to the very top, a new conversation about inequality has emerged in the United States. The Occupy Wall Street movement, which began in the fall […]

Featured Authors Carol Graham ’84 Considers The American Dream and Inequality


The book: “Is happiness equally available to everyone in the United States?” This is the premise of Happiness for All? Unequal Hopes and Lives in the Pursuit of the American Dream (Princeton University Press), a timely new book that links income inequality and happiness. Using new research, Graham shows that the highest cost of being poor is the stress, insecurity, and lack of hope it causes. This creates further negative consequences, including lack of investment in one’s future, greater mortality rates, and failed marriages. Happiness for All? addresses the optimism gap in this country and the importance of well-being […]

How Utah has kept the American dream alive


For a girl raised on the Upper West Side of Manhattan, Salt Lake City is a very weird place.

I went to Utah precisely because it’s weird. More specifically, because economic data suggest that modest Salt Lake City, population 192,672, does something that the rest of us seem to be struggling with: It helps people move upward from poverty. I went to Utah in search of the American Dream.

Columnists don’t talk as much as they used to about the American Dream. They’re more likely to talk about things like income mobility, income inequality, the Gini coefficient – sanitary, clinical terms. […]