Tag Archives: mobility

Those living in the bubbles of prosperity are largely unaware of the big picture, which is distorted by stats like per capita GDP.Wall Street On ParadeNew Economic Study Presents a Disturbing Map of the United States Pam Martens and Russ MartensSee alsoAsia TimesDespite recovery, 50 million Americans stuck in ‘distressed communities’ Asia Unhedged

Last year I wrote a post noting that the income of group of immigrants in the US is correlated with the income of the country from where those immigrants hailed. I noted that this correlation is especially strong for immigrants in the US for the longest. I just stumbled on this paper from earlier this year by Joakim Ruist. Here’s the abstract: This paper aims to explain the high intergenerational persistence of inequality between groups of different...