Tag Archives: mobility

How Underwater Mortgages Effect Household Mobility

The Federal Reserve Bank of New York latest study, “Housing Busts and Household Mobility: An Update,” provides insights on how negative household equity, mortgage interest rate lock-in, and property tax lock-in impact household mobility. Not surprisingly, households which are underwater … Continue reading

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The Rich Don’t Leave States that Increase Their Taxes Nor Do They Change Their Work Effort or Entreprenurship

On June 3, I reported on a study which debunked the claim that if States raise taxes on millionaires they will leave the State for another more attractive, less-taxing State. A new study supports the conclusion that increases on wealthy taxpayers … Continue reading

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Income Inequality Depresses Economic Prosperity and the Lesson from the Libro d’Oro

Alternate Title: It’s in Your Self-Interest to Lower Economic Inequality Income inequality is a serious issue of our times. One can certainly argue against income inequality from a moral or altruistic viewpoint but in this article I desire to share … Continue reading

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Is America’s Economic Mobility Exceptional?

If there’s one agreed upon tenet of American exceptionalism it’s that an individual, regardless of economic origins, can rise from his/her economic origins to higher socio-economic status through individual initiative, hard work and ability  This belief goes to the heart of the … Continue reading

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Education: The Competition is Catching Up or Already has Passed Us

The  Organization for Economic Cooperation & Development (OECD) has released its latest study of  educational comparisons across developed countries. Major Findings: (Quoted liberally) The U.S. ranks 14th in the world in the percentage of 25-34 year-olds with higher education (42%). “A likely … Continue reading

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Graduation Odds and Probabilities among Baccalaureate Colleges and Universities

My latest article, “Graduation Odds and Probabilities among Baccalaureate Colleges and Universities“, is published in the recent quarterly Journal of College Student Retention: Research, Theory and Practice. Here’s the abstract. Graduation outcomes are analyzed at public and private baccalaureate colleges … Continue reading

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How Does the U.S. Rank in Economic Mobility among Countries in the Developed World?

I’m reading Timothy Noah’s book, The Great Divergence: America’s Growing Inequality Crisis and What We Can Do about It. I’ve posted several articles on social and economic mobility (see ‘Related posts’ below) but I would like to share findings from … Continue reading

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Do Millionaires Leave States Because of High Effective Tax Rates?

Many political pundits constantly claim that if States raise taxes on millionaires they will leave the State for another more attractive, less-taxing State. Does the evidence support this claim? Steve Roth’s analysis of the data suggests otherwise. Here’s his chart … Continue reading

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Why Increasing Inequality and Lower Economic Mobility Matter

Why Increasing Inequality and Lower Economic Mobility Matter: An Issue of National Importance In several articles: Rich Father, Rich Son and Poor Father, Poor Son American Dream is Alive and Well — in Canada American Childrens’ Prospects for Success are … Continue reading

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Rich Father, Rich Son and Poor Father, Poor Son

Rich Father, Rich Son and Poor Father, Poor Son Mounting evidence is demonstrating the inverse relationship between income inequality and intergenerational earnings mobility. This finding is important as it demonstrates how inequality is transmitted from parents to their children and … Continue reading

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