Rather than identifying pockets of poverty, recent income mobility research suggests policy makers focus on opportunity areas.
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.
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 you see its indents and zigzags. Consequently, Dr. Mandelbrot believed…
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 baseman Alex Rodriguez earns the most; #2 is LA Angels’ outfielder Vernon Wells…