Sunday, September 17, 2017

Random charts - income mobility

 


"... We estimated rates of “absolute income mobility”—the fraction of children who earn more than their parents—by combining data from U.S. Census and Current Population Survey cross sections with panel data from de-identified tax records. We found that rates of absolute mobility have fallen from approximately 90% for children born in 1940 to 50% for children born in the 1980s. Increasing Gross Domestic Product (GDP) growth rates alone cannot restore absolute mobility to the rates experienced by children born in the 1940s. However, distributing current GDP growth more equally across income groups as in the 1940 birth cohort would reverse more than 70% of the decline in mobility. These results imply that reviving the “American dream” of high rates of absolute mobility would require economic growth that is shared more broadly across the income distribution..."

Saturday, September 16, 2017

Random pictures - science

 
 
 


Source The Winners of the 2017 Vizzies (formerly The International Science and Engineering Visualization Challenge)

Head to the link for the full, un-cropped visualizations and more...

Saturday, September 2, 2017

 
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