Tag: economic mobility

The Myth of the Monolithic 1%

Apr 24, 2014

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by

mwkruse

in Capitalism and Markets, Economics, Sociology, Weatlh and Income Distribution

The top 1% versus the 99% is again emerging as a popular topic. I wonder how many people genuinely reflect on who makes up the 1%. I believe many people see the 1% as a highly cohesive static population segment. It isn't. Social scientists use two different types of analysis when analyzing data about populations.…
Economics Links

Mar 5, 2014

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by

mwkruse

in Business, Capitalism and Markets, Economics, Environment, Europe, Gender and Sex, Globalization, Health and Medicine, Links – Economics, Poverty, Public Policy, Sociology, Trends: Economic, Wealth and Income, Weatlh and Income Distribution

1. Quartz: Globalization really means countries just trade with their neighbors 2. Business Insider: Europe's Share Of Global Profits Is At A 28-Year Low 3. USA Today: Europe widespread corruption 'breathtaking' … Meanwhile, the report, which was the first published by the EU to detail people's perceptions of corruption in the union, also said that…
Has U.S. Economic Mobility Declined?

Jan 23, 2014

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by

mwkruse

in Economics, Trends: Economic, Weatlh and Income Distribution

Economic mobility has not changed in forty years according to this NEBR paper: Is the United States Still a Land of Opportunity? Recent Trends in Intergenerational Mobility Abstract We present new evidence on trends in intergenerational mobility in the U.S. using administrative earnings records. We find that percentile rank-based measures of intergenerational mobility have remainedextremely…
Economics Links

Jan 13, 2014

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by

mwkruse

in Demography, Economics, Gender and Sex, Health and Medicine, Links – Economics, Politics, Poverty, Public Policy, Sociology, Trends: Economic, Trends: Social, Wealth and Income, Weatlh and Income Distribution

1. The Atlantic: If You Really Care About Ending Poverty, Stop Talking About Inequality Don’t mind the rich-poor gap. Statistical analysis shows three factors—overall income growth, marriages, and local government spending—matter most for poorer children chasing the American Dream. … … But for all the new attention devoted to the 1 percent, a new dataset…
Economics Links

Dec 27, 2013

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by

mwkruse

in Africa, Business, Capitalism and Markets, Crime, Culture, Economics, Environment, Gender and Sex, Health and Medicine, Human Progress, Links – Economics, Poverty, Race, Sociology, Technology, Technology (Energy), Trends: Economic, Trends: Social, Wealth and Income, Weatlh and Income Distribution

1. Carpe Diem: 5 Reasons Why 2013 Was The Best Year In Human History Fewer people are dying young, and more are living longer. … Global economic growth in the past five decades has dramatically reduced poverty and made people around the world happier. … War is becoming rarer and less deadly. … Rates of…
Liberals and ‘libertarian populists’ are wrong: politics isn’t a zero-sum fight between corporations and the poor – Ezra Klein

Aug 14, 2013

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by

mwkruse

in Politics, Public Policy, Wealth and Income, Weatlh and Income Distribution

Washington Post: Liberals and ‘libertarian populists’ are wrong: politics isn’t a zero-sum fight between corporations and the poor – Ezra Klein …Positing this zero-sum death struggle between corporate America and poorer Americans is the key to the emergent arguments around “libertarian populism.” The basic idea there is that if Washington would simply close its doors…
Saturday Links

Mar 16, 2013

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by

mwkruse

in Capitalism and Markets, Christian Life, Demography, Economics, Education, Gender and Sex, Links – Saturday, Religion, Science, Sociology, Sports and Entertainment, Technology (Energy), Theology, Trends: Economic, Trends: Social, Wealth and Income, Weatlh and Income Distribution

1. The Economist has an interesting graph showing that capitalism has led to greater happiness in member countries of the Commonwealth of Independent States (former Soviet Union countries excluding the three baltic countries.) 2. AEI has an informative piece on economic mobility in the United States: How's the American Dream doing? Well, which one? There…
What does the inequality-immobility link mean?

Jan 26, 2012

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by

mwkruse

in Demography, Weatlh and Income Distribution

Marginal Revolution: What does the inequality-immobility link mean? … As for my take, Justin is painting himself into a corner here of his own making. Let’s step back for a moment. I see two big and very real problems: slow income growth for many income classes and a problem with excessively high returns to finance…
Middle class dropouts (This Story Doesn’t Make Sense)

Jan 11, 2012

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by

mwkruse

in Economics, Poverty, Weatlh and Income Distribution

CNNMoney has a story titled Middle class dropouts. It begins: NEW YORK (CNNMoney) — Nearly one third of Americans who were raised in the middle class dropped down the economic ladder as adults — and that's before the Great Recession hit. "Being raised in the middle class is not a guarantee that you'll have that…
Mobility Impaired

Nov 9, 2011

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by

mwkruse

in Economics, Generations, Poverty, Public Policy, Race, Trends: Economic, Wealth and Income, Weatlh and Income Distribution

National Review Online: Mobility Impaired (This is a great piece, but I don't advise reading it until you've had your morning coffee. It is a bit complex to think about it, but he raises some important clarifications.) … One way to assess the extent of mobility is to ask whether people tend to be better…