Illustration: Jonathan Bartlett Inequality is putting the American Dream in peril.
By Rebecca Beyer
M elissa Agnew lives in Charlotte, N.C., a city that ranks high on affordability scales. It’s said to be one of the most desirable places to purchase a home, and a top destination for job-seeking college graduates and newlyweds.But Agnew doesn’t own a home or have a college degree. She went through a painful divorce several years ago, and, even though she was working at the time, the city was anything but affordable for her when she suddenly became the sole breadwinner for her two […]
View Original: This is Not Your Parents’ Economy
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 […]
View Original: New Data on Wealth Mobility and Their Impact on Models of Inequality
Camille Busette I’m Camille Busette, I’m a senior fellow in Governance Studies and I head up the new Race, Place, and Economic Mobility initiative here at Brookings.
Q: Where did you grow up?
A: I grew up in a variety of places actually, which I think has made me very much who I am. I was born in Los Angeles. I grew up in New York City, and then toward the end of high school my family moved to Sacramento, California where I finished up high school; and then I went on to University of California, Berkeley for college.But […]
View Original: Meet Camille Busette, new director of the Race, Place, and Economic Mobility Initiative
> Social inequality in america essay
For about a century, economic inequality has been measured on a scale, from zero to one, known as the Gini index and named after an Italian statistician, Corrado Gini 11/20/2012 · Video embedded · Infographics on the distribution of wealth in America , highlighting both the inequality and the difference between our perception of inequality …“Our inequality materializes our upper class, vulgarizes our middle class, brutalizes our lower class.” – Matthew Arnold, English essayist (1822-1888)A summary of Poverty in America in ‘s Social Stratification and Inequality . Learn exactly what happened in this […]
View Original: Social inequality in america essay
Scott G Winterton, Deseret News
File – Senator Mike Lee speaks at a Rally in Draper Utah, at the American Preparatory Academy Saturday, March 19, 2016. Many Americans — poor, middle class and wealthy — feel that something is amiss in society that can’t be reduced to economic anxiety but relates more to a sense that nation’s social fabric is fraying, Sen. Mike Lee said. SALT LAKE CITY — Many Americans — poor, middle class and wealthy — feel that something is amiss in society that can’t be reduced to economic anxiety but relates more to a sense that nation’s […]
View Original: Fraying social fabric hurting nation’s economy, Sen. Mike Lee says
Up from Slavery? Intergenerational Mobility in the Shadow of Jim Crow
William J. Collins and Marianne H. Wanamaker
Preliminary and incomplete draft: Please do not cite or circulate without the authorsâ€™ permission. Abstract: We have built new datasets of linked census records for the late nineteenth and early twentieth centuries to document black-white differences in intergenerational economic mobility. Whether viewed from an occupational or income-based perspective, southern whites were much more likely than blacks, conditional on fathersâ€™ status, to be upwardly mobile and less likely to be downwardly mobile. Children from poor white households often ascended into the American middle class, […]
View Original: Up from Slavery? Intergenerational Mobility in the Shadow of Jim Crow
Social mobility is still going strong in the Land of Opportunity
Is the American dream on life support? That’s the perennial claim of “declinists,” who are convinced that the American spirit of opportunity is at death’s door. That claim was recently bolstered by research from a team of top economists, who found that half of today’s 30-year-olds are worse off than their parents were at the same age. A closer look at that study, however, reveals that opportunity is alive and well. That does not mean we should be complacent about removing barriers to success for those born […]
View Original: The American Dream Abides
The son of a minister, Ohene Asare grew up poor. His family immigrated from Ghana when he was 8 and settled down in West Bridgewater, Mass., a town 30 miles south of Boston, where he was one of the few black students at the local public school. “It was us and this Jewish family,” Asare remembered. “It was a field day.” His white classmates bullied him, sometimes using racial slurs. His father transferred Asare when he was 14 to Milton Academy, which awarded Asare a scholarship that covered tuition and board. His parents still had to take out loans […]
View Original: How Homeownership Became the Engine of American Inequality
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.  
Mobility may be between generations ("inter-generational") or within a person or groups lifetime […]
View Original: Economic mobility
Discussion PaPer series
IZA DP No. 10664
Simen Markussen Knut RÃ¸edAny 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 worldâ€™s largest network of economists, whose research aims […]
View Original: Egalitarianism under Pressure: Toward Lower Economic Mobility in the Knowledge Economy?