Tag Archives: wealth

Economic Mobility, Residual Wealth and Policy Implications

economic mobility

This post is the second in a two-part series on intergenerational economic mobility. Today’s post discusses the likelihood of children moving up and down the economic ladder from their parents.

The income and wealth of parents seems to have an effect on the income and wealth of their children. But how likely are children to move to different rungs of the economic ladder than their parents? The second part of our series on intergenerational economic mobility tackles these transitions.

In an article in The Regional Economist , Research Officer and Economist George-Levi Gayle and former Technical Research Associate Andrés Hincapié […]

Work vs. economic mobility

For many policymakers, the top two challenges we face when it comes to employment, wealth, and opportunity are that too many people are out of work and that there’s too little economic mobility.

On the first, although unemployment rates are quite low, our labor force participation rates have plummeted in recent decades. My colleagues Nick Eberstadt and Robert Doar have been tracking this phenomenon, and they (and others) have been prolific on the subject. I commend Eberstadt’s Men Without Work and “ Getting Men Back to Work ” by Doar, Orrell, and Holzer. There are lots of ways to measure […]

Fraying social fabric hurting nation’s economy, Sen. Mike Lee says


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 […]

Restoring America’s Economic Mobility

Facebook

Twitter

LinkedIn Print E-mail Download Issue For parents in the top U.S. decile, 46 percent of their kids will end up in the top two deciles and only 2 percent in the bottom decile. The members of the top decile comprise a New Class of lawyers, academics, trust-fund babies, and media types—a group that wields undue influence in both political parties and dominates our culture. These are the people who said yes, there is an immigration crisis—but it’s caused by our failure to give illegals a pathway to citizenship!There’s a top ten […]

Up from Slavery? Intergenerational Mobility in the Shadow of Jim Crow

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 authors’ 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 fathers’ status, to be upwardly mobile and less likely to be downwardly mobile. Children from poor white households often ascended into the American middle class, […]

Restoring America’s Economic Mobility

Frank Buckley
Author, The Way Back: Restoring the Promise of America Frank Buckley is a Foundation Professor at Scalia Law School at George Mason University, where he has taught since 1989. Previously he was a visiting Olin Fellow at the University of Chicago Law School, and he has also taught at McGill Law School, the Sorbonne, and Sciences Po in Paris. He received his B.A. from McGill University and his LL.M. from Harvard University. He is a senior editor of The American Spectator and the author of several books, including The Once and Future King: The Rise of […]

Several Baltimore schools report 0 students proficient in math, reading


Dive Brief:

Six Baltimore City schools — five high schools and one middle school — were found to have not a single student who scored proficient in math or reading in 2016, Fox45 News reports.

One student interviewed by the station said he believes students aren’t passing the state assessments because the material on the tests is not covered in class. Data shows that despite maintaining one of the country’s highest per-pupil spending levels , a recent study out of Harvard University found Baltimore to have the lowest rate of mobility out of poverty in the country, […]

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 […]

INCOME INEQUALITY SOCIAL MOBILITY

AND ECONOMIC GROWTH*

Federico Cingano, ELS Employment Analysis Division

*Source: OECD (2015) In It Together: Why less inequality benefits all OECD Publishing, Paris.2/15• Long-standing interest in data collection and analysis • Early works → mid 1970s; regular data collection → mid 1990s• Documented the (increasing) patterns of income inequality across MCs in many publications • Latest one warns: “The gap between rich and poor is at its highestlevel since 30 yearsâ€OECD work on income distribution …Shares of bottom, middle and top incomes in total income, OECD average 1985 to 2011/12, 1985 = 10.800.901.001.101.201985 1990 1995 2000 2005 2010Traditional definitionbottom 10% middle […]

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 […]