Monday, February 18, 2013

The Economist - Can we increase mobility by reducing inequality?

The Economist
As the rungs of the mobility ladder grow further apart, it gets harder for people to climb up (or move down). Conversely, countries with institutions that promote a level playing field, and redistribute income or opportunity, may also promote mobility http://econ.st/12gy9yy
Can we increase mobility by reducing inequality?www.economist.com
The work by Gregory Clark and his co-authors on “long-term immobility”—captured by how elite surnames in one generation are still over-represented among the rich many generations down the line—makes for depressing reading.

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