A letter to the Princeton Alumni Weekly (PAW). July 10, 2019 (Volume 119, Number 15) The article on economic mobility (Life of the Mind, May 15) seems to confuse economic mobility with economic growth. Most economists measure economic mobility as intergenerational movement along the income-distribution ladder (rather than by absolute incomes). That is, to what […]
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I had a discussion with an economics professor about the growing inequality of American society last year. My theme in that conversation was that the United States, like Brazil, is embarking on a path of becoming a nation of haves and have-nots. The Gini coefficient — familiar to economics students — is a widely quoted […]
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