Our 2min summaries provide a quick overview of academic papers on inequality (and some books). The idea of the 2-minute paper is to crowd-source a literature review that is useful to our group members. If you've recently read an interesting paper or book and would like to submit a summary, please visit our submission page.
The new study released on Dec. 9 by the Pew Research Center can be found here. The Point: The study discusses the shrinking middle class and considers what that shrinking means for the upper and lower income tiers in America. Tyler Cowen over at Marginal Revolution suggests that we start talking about the bottom 80% of Americans in relation to the top 20% rather than simply focusing on the divide between the 1% and everyone else. You can listen to an NPR segment on the findin
The Point: The authors find that intergenerational mobility in the United States has not decreased over time (looking at birth cohorts from 1971-1993), despite the fact that inequality over this time period has increased. The Quote: "Envision the income distribution as a ladder, with each percentile representing a different rung. The rungs of the ladder have grown further apart (inequality has increased), but children's chances of climbing from lower to higher rungs have not