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Size of the Pie, Distribution of the Pie

“Today’s problems have less to do with the size of the economic pie than the way it is divided.” This, according to a New York Times article, is what Hillary Clinton’s economic advisers believe. I’m...

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The Left, the Right, and Income Growth

Which political party is better at improving living standards? A commonplace view is that Democrats favor policies that boost the well-being of the poor while Republicans’ policy preferences are more...

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Promoting Mobility

Opportunity for upward mobility is key to the American dream. What does our government do to assist it? A recent report (pdf) by the Economic Mobility Project attempts to answer this question. The...

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Types of Mobility

Has income inequality increased? Is inequality greater in the United States than in other affluent countries? Answering these questions requires taking mobility into account. Over the next few weeks...

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Can Mobility Offset an Increase in Inequality?

Income inequality in the United States has increased since the 1970s. Has that increase been offset by mobility? It could be. Half a century ago Milton Friedman (in Capitalism and Freedom) suggested...

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Rising Inequality Has Not Been Offset by Mobility

Income inequality in the United States is typically measured with data from a survey that asks around 50,000 households what their income was in the previous year. According to these data, inequality...

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Is the U.S. a High-Inequality Country if Mobility Is Taken into Account?

Here is the conventional wisdom about income inequality in the United States compared to other rich countries: The U.S. is the most unequal. However, these data are based on households’ income in a...

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Rising Inequality Hinders Upward Mobility

We expect that each generation of Americans will have higher incomes than preceding ones — that, in other words, there will be upward absolute intergenerational mobility. Data from a report by the...

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Inequality and mobility at the top

Income inequality in America has soared over the past generation. But some see little cause for concern. One reason is that our inequality statistics — Gini coefficient, share of income going to the...

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How rich countries lift up the poor

That’s the title of a short article of mine in the current Pathways magazine. Pathways ought to be on the reading list of anyone interested in living standards, poverty, inequality, and mobility. And...

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Inequality, mobility, opportunity

Alan Krueger, Chair of President Obama’s Council of Economic Advisers, gave a talk a few weeks ago on inequality. Krueger described the sharp increase in income inequality in the United States since...

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America’s opportunity gap

This article appears in the November-December 2012 issue of Foreign Affairs magazine. Reprinted here by permission. It’s Hard to Make It in America: How the United States Stopped Being the Land of...

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Beyond the ‘fiscal cliff,’ America’s kids need more – not less – government...

Early education would help.

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