Blog Archives

Occupational licensing is the new unionization

Back in 2011, which kind of license would cost more money to obtain in New York City? A license to practice medicine or a license to drive a taxi cab? A taxi cab medallion cost over $1 million in 2011

Posted in Inequality, Labor

Innovative societies must have equality of opportunity

The current tax bill is largely motivated by the theory that if you give tax cuts to successful rich people, even though it increases inequality, it will be worth it because these elites will create jobs through innovation with the

Posted in Inequality, Public Finance

Money can’t buy you love, but can it buy you life?

Raj Chetty et al. published a study of the correlation of class and life expectancy that got a lot of press, but I hadn’t actually looked at the original publication until this week. Here is the correlation between life expectancy

Posted in Health, Inequality, Medianism, Public Finance

The end of the efficiency-equity curve

In rich nations, inequality dramatically dropped during the first decades of the 20th century and although inequality has been creeping up again over the past half century (especially in the US) it has remained lower than it was during most

Posted in Development, Inequality, Public Finance

Anyone who is a true advocate for the middle class must accept a little class warfare

The American Enterprise Institute, a conservative think tank, wrote a position paper arguing that Americans are saving a lot more for retirement than a Pew study showed. The AEI objected to the sort of media reports about the Pew study saying,

Posted in Inequality, Middle class

The socialism-prosperity curve.

Jordan Ellengerg’s book, How Not To Be Wrong: The Power of Mathematical Thinking  has an entire chapter about how surprisingly difficult it is for people to think in terms of non-linear relationships like the equity-efficiency curve. On page 23, he draws

Posted in Development, Inequality, Public Finance

Inequality in South Africa and Ukraine

Consider the economic wellbeing of South Africa and Ukraine in 2003. South Africa’s mean income at $10,400 was 67% higher than Ukraine’s at only $6,220 but Ukraine’s life expectancy was 67.4 years which is 25% higher than in South Africa at 53.7

Posted in Inequality, Medianism

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 74 other followers

Blog Archive