Absolute mobility
Posted By Russ Roberts On June 15, 2009 @ 6:29 pm In Standard of Living | Comments Disabled
Half empty or half full?
You decide.
This is from the Pew Economic Mobility Project [1]. Look at it carefully. I'll try to say more about it later and to bring some additional data.
It is from the PSID. It follows the same people. It is corrected imperfectly for inflation. But it's the best you can do.
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[1] Pew Economic Mobility Project: http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Reports/...Mobility/EMP%20Black%20and%20White%20Families%20ES+Chapter.pdf
[2] Image: http://cafehayek.com/images/old/6a00d834518ccc69e2011570219fdf970c-800wi
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