Tag Archives: poverty

A tale of two Canadas: Where you grew up affects your income in adulthood


In Canada, geography is destiny: Your financial future, to a surprisingly large degree, depends on the place in Canada where you happen to grow up.

That reality is revealed on this map and our accompanying set of interactive graphics, produced using a new analysis of millions of Canadians’ income data , the result of years of work by economist Miles Corak.

His study charts intergenerational economic mobility – that is, the chance that people who spent their childhood in that location ended up, as adults, higher on the income and economic-status ranking than their parents. If a region is bright green, […]

A tale of two Canadas: Where you grew up affects your income in adulthood


In Canada, geography is destiny: Your financial future, to a surprisingly large degree, depends on the place in Canada where you happen to grow up.

That reality is revealed on this map and our accompanying set of interactive graphics, produced using a new analysis of millions of Canadians’ income data , the result of years of work by economist Miles Corak.

His study charts intergenerational economic mobility – that is, the chance that people who spent their childhood in that location ended up, as adults, higher on the income and economic-status ranking than their parents. If a region is bright green, […]

A minority ‘not getting a fair go’ is NZ’s real worry, says researcher

Income, inequality, poverty, housing, investment.

Inequality is not the main problem for New Zealand, according to a new report from the New Zealand Institute of Economic Research (NZIER). Income, inequality, poverty, housing, investment. The report said income inequality in New Zealand had changed little in the past 20 years, and had been at the current level before.

"What worries me isn’t inequality per se, what worries me is a minority of New Zealanders who basically aren’t getting a fair go," said Derek Gill, principal economist at NZIER.

Though surveys suggested New Zealanders were becoming increasingly concerned about inequality, the research said a bigger concern was relatively […]

Explore National Review, See It and more!

The Corner | National Review Online

National Review See It Geography Politics Corner The Corner | National Review Online See more Data Brain Budget What Do OECD Data Really Show About U.S. Taxes and Reducing Inequality? — Center on Budget and Policy Priorities See more Still applicable Get Rich or Die Younger: The Shrinking Life Spans of Poor U.S. Women It would still be a mistake to focus on growth and let inequality take care of itself because inequality may not only be ethically undesirable but also because the resulting growth may be low and unsustainable. And second, there is surprisingly little evidence for the […]

Inescapable inequality?


Inequality has become a deeply rooted feature of social and economic landscapes around the world

I’ve been in South Africa and the US recently. From geography to development both countries are, of course, very different. But they do share some similarities. Take inequality, for example. This issue – which is by no means limited to their shores – has become a deeply rooted feature of their social and economic landscapes, one that proven stubbornly resistant to attempted remedies.

Inequality has many invidious consequences – too many to list here. This is because it is one of the few issues […]

To Reduce Urban Inequality, Reconsider Unions


Steel workers in Chicago strike in 1952. Cities have become simmering cauldrons of economic inequality, especially after the Great Recession . In his new book, Richard Florida writes that this condition is at the heart of what he calls the “New Urban Crisis,” and suggests fixes in the form of equitable housing, tax, infrastructure, and anti-poverty policies.

But there’s another solution, now largely overlooked, that has helped reduce gross inequality in the past: collective bargaining. In a new working paper , economists Brantly Callaway at Temple University and William J. Collins at Vanderbilt University examine the decades after the Great […]

The Aristocracy That Let Me In


Via WikiCommons . Over the past seven years, I received over $330,000 of need-based financial aid, and it gave me a one-way ticket to the new American elite.

I grew up attending public schools in Iowa and Ohio until increasing frustration with my schooling led my family and me to reply to a flier that we received alerting us to the existence of boarding schools. Up until then, I believed boarding schools only existed in England; I had never heard of “Exeter” or “Andover.” I applied to four schools and chose to attend the Middlesex School of Concord, Massachusetts, despite […]

IBS Policy Paper From research to policy

I S H I G H I N E Q U A L I T Y A N I S S U E I N P O L A N D ?

Michał Brzeziński

Main messageGiven its economic development level, Poland is not a country of striking economic inequality. While income inequality in Poland is high compared to wealthier EU states, Poland ranks more favourably in that respect than other countries of similar affluence or those undergoing economic transformation. Income inequality has not shown a rising trend in recent years. Its high level is mostly due to considerable wage dispersion, in […]

UBI is not the answer


Sometimes I lull myself into thinking that I know at least a little bit about a bunch of things. Then something new, at least to me, comes along and totally destroys that notion. But now I think I’ve heard just about everything. During the commencement address at Harvard, the founder and CEO of Facebook, Mark Zuckerberg, said he supports an idea called universal basic income. Wait until you read what he has in mind!

Here’s what Patrick Gillespie of CNN’s online “Money” report has to say about it, “We should explore ideas like universal basic income to make sure that […]

How much social mobility do people really want?

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Here’s a question I get asked a lot: “Ok, so what’s the ideal amount of social mobility?” Scholars interested in relative income mobility often use a quintile transition matrix, showing how much ‘stickiness’ there is in the income distribution between two generations: (Note that this version draws on data from the Panel Survey of Income Dynamics, but we’ve produced matrices using data from the National Longitudinal Surveys , as well as one for educational mobility .)

Four out of ten children born at the bottom will remain there as adults—and about the same stickiness can be seen at the top. […]