Rather than identifying pockets of poverty, recent income mobility research suggests policy makers focus on opportunity areas.…
Deciding Who Is Middle Class and Who Is Rich
According to President Trump and most other politicians, tax reform will be “a middle class bill.” However, ask people what they mean by the middle class and it becomes a mystery. In one C…
A New Kind of College Report Card
Barely recognized by U.S. News ranking, colleges where graduates achieve income mobility prove that the American Dream remains a viable goal.…
Weekly Roundup: From Slow Mommy Tracks to Fast Wall Street Traders
Our weekly economics news summary included the yuan and foreign exchange, Google and branding, parental leave and incentives, and choosing your own price.…
How to Find More of the American Dream
Recognizing that neighborhoods with better schools and other shared characteristics affect income mobility, anti-poverty policy can become more effective.…
Weekly Roundup: From Baseball Contracts to Super Bowl Ads
Our week’s everyday economics include inflation, supply and demand, income mobility, property rights, incentives, default, CDS, and monopoly pricing.…
Income Mobility: Location Matters
Reading about US income mobility, I recalled what fractal mathematician Benoit Mandelbrot said about the British coastline. While from a distance it will appear straight, the closer you look, the more…
Baseball Salaries and Taxes
There is a connection between baseball and President Obama’s budget proposals. Let’s start with USA Today’s baseball salary database. For 2011, at $32 million, NY Yankees’ 3rd …