Tag Archives: poverty

Intergenerational mobility and preferences for redistribution


Summary:
Americans are generally thought to view the economic system as fair and see wealth as a reward for ability and effort, while Europeans tend to believe that the economic system is unfair, and that wealth is the result of circumstances. This column tests this using new evidence on beliefs about intergenerational mobility in four European countries and the US, and confirms that Europeans do indeed tend to be overly pessimistic about moving up the social ladder compared to reality, while Americans are overly optimistic. These perceptions have important implications for how redistribution and equal opportunity policies will […]

Inequity, iniquity amid rising income inequality


Acute income and economic inequality, the negative phenomenon spawned by neoliberal economics, continues to widen worldwide. Wealth gets concentrated, in scandalous scale, in the hands of the few super-rich, depriving billions of the poor all over the world sufficient means to survive.

World Bank-International Monetary Fund designed policies/programs pursued by governments to achieve “sustainable and inclusive growth” have failed to stop, much less reverse the trend.

Meanwhile, the old problems of social inequity and iniquity continue to burden the people in practically every country – whether “developed,” “developing,” or “underdeveloped.”Let’s look at some instances on the continuing inequity and iniquity in […]

Where the American Dream Lives and Dies


Rags-to-riches stories , like Benjamin Franklin’s , have always captured the American imagination. They feed the narrative of the American Dream—that from humble beginnings, a scrappy, hardworking person can become prosperous, and afford opportunities his or her parents did not have. Through booms and recessions, people have bought into this myth .

The problem is: The American Dream lives and dies at the local level. Stanford* economist Raj Chetty has shown that conditions in our neighborhoods are really what shape our ability to escape poverty and determine if we will fare better than our parents. A new analysis by the […]

South Asian Americans & The Politics of Class & Income Inequality

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Sarah Madha shares a one-bedroom space with her mom and four siblings. Although it can be stressful, and for an outsider, seem unimaginable, Madha explains, “We always grew up sharing space, so we managed to make it work.”

Madha, who worked four jobs while in college, accepted that for her to keep moving forward she couldn’t dwell on her situation. Instead, her family has to constantly find ways to make ends meet.

“There isn’t time to have a special crisis about it,” she said, “If you don’t figure it out, you will end up homeless. If you don’t do it, you […]

Education and social mobility

The role of education in promoting social mobility is a matter of intense contemporary sociological and political debate. In modern societies, education – specifically the acquisition of higher educational qualifications – has become an increasingly important factor in determining which jobs people enter and their social class position. Government policy and educational institutions’ admission and certification practices can have a significant impact on social inequalities.

So what do we know, and what can the government learn, about what policies and practices can make a difference? First, funding. Evidence from international cross-sections (Ichino et al. 2009) and across US states (Mayer […]

For California to be called the Golden State, all of it must to be golden says new Stockton mayor

NEW YORK, NY - APRIL 20:  Film subject Michael Tubbs attends the

This is the latest in a series of columns on what can and should be done to improve upward mobility in California. We at California Forward and the California Economic Summit welcome your comments and ideas.

Michael Tubbs is the first African-American mayor of Stockton, California, and the youngest mayor in American history of a city of more than 100,000 people. Before being elected mayor in November 2016, Michael served as a city council member. He was born and raised in Stockton, attended Stanford University graduating with a Master’s degree in Policy, Leadership and Organization Studies, plus a […]

Income Inequality Research Paper


Income Inequality research paper Professional Custom

Regional Quantitative Analysis Research Group. Top Income Inequality in the 21st Century. Cautionary Notes Fatih Guvenen, Greg Kaplan. NBER Working Paper No. A Contextual Analysis Jimmy Szewczyk Honors Thesis POLS. Szewczyk 1 The Effects of Income Inequality on. Political Participation. It is an important indicator of equity in an economy, and has implications for. NBER Working Paper No. Assortative Mating and Income. Although theoretical models make distinct predictions about the relation between finance and income inequality, little empirical research has been. Inequality and Poverty from Anti Essays, your source for research papers, […]

Intergenerational mobility and preferences for redistribution


Americans are generally thought to view the economic system as fair and see wealth as a reward for ability and effort, while Europeans tend to believe that the economic system is unfair, and that wealth is the result of circumstances. This column tests this using new evidence on beliefs about intergenerational mobility in four European countries and the US, and confirms that Europeans do indeed tend to be overly pessimistic about moving up the social ladder compared to reality, while Americans are overly optimistic. These perceptions have important implications for how redistribution and equal opportunity policies will be received.

John […]

Escaping Poverty Requires Almost 20 Years With Nearly Nothing Going Wrong

A man cleans up confetti while surrounded by tourists in Times Square in New York.

Keith Bedford / Reuters A lot of factors have contributed to American inequality: slavery, economic policy, technological change, the power of lobbying, globalization, and so on. In their wake, what’s left?

That’s the question at the heart of a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy , by Peter Temin, an economist from MIT. Temin argues that, following decades of growing inequality, America is now left with what is more or less a two-class system: One small, predominantly white upper class that wields a disproportionate share of money, power, and political influence and a […]

To Reduce Urban Inequality, Reconsider Unions


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 Depression, when economic inequality declined dramatically—and then […]