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Evidence on Declining Intergenerational Mobility in the United States
If the US economy had considerable intergenerational mobility–that is, if the children growing up in lower-income households had a reasonably good chance of ending up as adults in higher-income households, and conversely the children growing up in higher-income households had a reasonably good chance of ending up as adults in lower-income households–then I would be less concerned about the extent of income and wealth inequality.
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Claudia Goldin Wins Nobel Prize in Economic Sciences
Claudia Goldin has won with this year's Nobel Prize in Economics for her groundbreaking contributions to the field of women's employment and pay.
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The new artificial intelligence technologies are getting a lot of buzz.
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