Economic Mobility of the States, released by Pew’s Economic Mobility Project, is the first time research has identified where in the country Americans are more likely to move up or down the earnings ladder. Eight states, primarily in the Mideast and New England regions, have higher upward and lower downward mobility than the nation as a whole, while states in the South have consistently lower upward and higher downward mobility. ... Economic Mobility of the States evaluates economic mobility in three ways, including absolute mobility – measuring residents’ average earnings growth over time – as well as upward and downward relative mobility – measuring people’s rank on the ladder relative to their peers.
Showing posts with label economic freedom. Show all posts
Showing posts with label economic freedom. Show all posts
Thursday, May 31, 2012
Tuesday, March 20, 2012
Income Inequality and Economic Mobility
by Steven Aftergood
Income inequality in the United States is more pronounced than in other developed countries, a new report from the Congressional Research Service finds, while the possibility of economic mobility is more constrained than commonly believed.
“Based on the limited data that are comparable across nations, the U.S. income distribution appears to be among the most uneven of all major industrialized countries and the United States appears to be among the nations experiencing the greatest increases in measures of inequality.”
“Americans may be less concerned about inequality in the distribution of income at any given point in time partly because of a belief that everyone has an equal opportunity to move up the income ladder. A review of the literature suggests that Americans’ perceptions about their likelihood of changing position in the income distribution may be exaggerated,” the CRS report said.
More here
Income inequality in the United States is more pronounced than in other developed countries, a new report from the Congressional Research Service finds, while the possibility of economic mobility is more constrained than commonly believed.
“Based on the limited data that are comparable across nations, the U.S. income distribution appears to be among the most uneven of all major industrialized countries and the United States appears to be among the nations experiencing the greatest increases in measures of inequality.”
“Americans may be less concerned about inequality in the distribution of income at any given point in time partly because of a belief that everyone has an equal opportunity to move up the income ladder. A review of the literature suggests that Americans’ perceptions about their likelihood of changing position in the income distribution may be exaggerated,” the CRS report said.
More here
Wednesday, September 24, 2008
Economic Freedom of the World: 2008 Annual Report
Source: Cato Institute
From the press release:
Economic freedom around the world remains on the rise but it has declined notably in the U.S. since the year 2000, according to an authoritative study released today by the Cato Institute and Canada’s Fraser Institute.
In 2000 the U.S. was the second-freest economy listed in Economic Freedom of the World, an annual report written by James Gwartney from Florida State University and Robert Lawson from Auburn University. This year the U.S. has fallen to 8th place, behind Hong Kong (ranked in first place), Singapore, New Zealand, Switzerland, the United Kingdom, Chile, and Canada.
More significant than the U.S.’s drop in the rankings is its fall in the freedom ratings: on a scale of 0-10, the U.S. fell from 8.55 in 2000 to 8.04, according to the Economic Freedom of the World Report: 2008 Annual Report. Only five countries have experienced a greater decline over the same time period: Zimbabwe, Argentina, Niger, Venezuela, and Guyana.
From the press release:
Economic freedom around the world remains on the rise but it has declined notably in the U.S. since the year 2000, according to an authoritative study released today by the Cato Institute and Canada’s Fraser Institute.
In 2000 the U.S. was the second-freest economy listed in Economic Freedom of the World, an annual report written by James Gwartney from Florida State University and Robert Lawson from Auburn University. This year the U.S. has fallen to 8th place, behind Hong Kong (ranked in first place), Singapore, New Zealand, Switzerland, the United Kingdom, Chile, and Canada.
More significant than the U.S.’s drop in the rankings is its fall in the freedom ratings: on a scale of 0-10, the U.S. fell from 8.55 in 2000 to 8.04, according to the Economic Freedom of the World Report: 2008 Annual Report. Only five countries have experienced a greater decline over the same time period: Zimbabwe, Argentina, Niger, Venezuela, and Guyana.
Subscribe to:
Posts (Atom)