Tag Archives: technology

Income Inequality Research Paper


CLICK HERE Income Inequality and Poverty – NBER NATIONAL BUREAU OF ECONOMIC RESEARCH . Sunday, April 30, 2017 The first part of this paper argues that income inequality is not a problem in need of remedy. The real distributional problem is not inequality but poverty. The paper Causes and Consequences of Income Inequality : A Global – IMF 1 Jun 2015 1 Frank Wallace and Zhongxia Zhang provided excellent research assistance. We also Wealth and Income Inequality in Advanced and Emerging Market Economies, 2000 ______ 16. 12. objective of this paper is two-fold. ILO Research Paper No. 1: Income […]

The fading American Dream: Trends in absolute income mobility since 1940


One of the defining features of the ‘American Dream’ is the ideal that children have a higher standard of living than their parents (Samuel 2012). In a new paper, we assess whether the US is living up to this ideal by estimating rates of ‘absolute income mobility’ – the fraction of children who earn more than their parents – since 1940 (Chetty et al. 2017).

We measure absolute mobility by comparing children’s household incomes at age 30 (adjusted for inflation using the Consumer Price Index) with their parents’ household incomes at the same age. We find that rates of absolute […]

The New Suburban Crisis


The suburban crisis will not be televised. During the mid-1980s, before anyone thought of the suburbs as being on a downward trajectory, the urban designer David Lewis , a Carnegie Mellon colleague of mine at the time, told me that the future project of suburban renewal would likely make our vast 20th-century urban renewal efforts look like a walk in the park.

Indeed, with their enormous physical footprints, shoddy construction, and hastily installed infrastructure, many suburbs are visibly crumbling. Across the nation, hundreds of suburban shopping malls are dead or dying ; countless suburban factories, like their urban counterparts a […]

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 […]

Higher Ed’s Role in Economic Mobility


Which colleges in America contribute the most to helping children climb the income ladder? How can we increase access to these colleges for children from low-income families? In a recent paper , my co-authors (Raj Chetty, Emmanuel Saez, Nicholas Turner, and Danny Yagan) and I take a step toward answering these questions by constructing publicly available “Mobility Report Cards” – statistics on students’ earnings in their mid-thirties and their parents’ incomes – for each college and university in the United States.

Mobility Report Cards for Columbia and SUNY-Stony Brook The figure above gives an example of these statistics for […]

No, iPhones Aren’t Luxury Items. They’re Economic Necessities


Apple To make it in America, you have to hustle. Fast-food worker or CEO, Uber driver or student, you have to stay connected in an economy built on the assumption that anyone is always reachable anywhere. In 2017, that means you need a smartphone.

When Apple released the iPhone in 2007, the world understood it as a gadget, a novelty, a cool thing you plunked down a handful of cash for if you were lucky enough to have the money. Then you just needed to figure out what to do with it. At first the answer was: play games and […]

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.

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 much larger, minority-heavy (but […]

Peter Temin: Economic Mobility Requires the Nearly Impossible |TTI


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 much larger, minority-heavy (but […]

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.

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 much larger, minority-heavy (but […]

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 […]