At my intergenerational mobility conference last week, I asked all attendees:
What percentile in the income distribution does your household now occupy? (1=lowest,50=middle, 100=highest) What percentile in the income distribution did your household occupy when you were aged 14?In a nice coincidence, the intergenerational earnings correlation is 0.29, which [...]
At my intergenerational mobility conference last week, I asked all attendees:
What percentile in the income distribution does your household now occupy? (1=lowest,50=middle, 100=highest) What percentile in the income distribution did your household occupy when you were aged 14?In a nice coincidence, the intergenerational earnings correlation is 0.29, which [...]
There's been a certain amount of commentary on today's GDP release. An annualised growth rate of 0.4% for 2009Q3 is better than zero - and it's at the 80th percentile of the predictive density generated by my toy predictor - but it's not what you'd call a strong [...]
