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Equitable Growth supports research and policy analysis on how trends in economic inequality and mobility and changes in the economy have affected the concentration of wealth, income, and earnings, and how these distributional shifts have affected the promise of economic security and opportunity. More
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Must-Read: Thomas Philippon

Must-Read: An absolutely key issue: why doesn’t the logic of cost-reduction via scale and technology work for finance as a whole? It certainly works for commissions…

Thomas Philippon: Finance vs. Wal-Mart: Why are Financial Services so Expensive?, in Rethinking the Financial Crisis, edited by Alan Blinder, Andrew Lo, and Robert Solow (Russell Sage Foundation, 2012): “Despite its fast computers and credit derivatives…

…the current financial system does not seem better at transferring funds from savers to borrowers than the financial system of 1910. “I would rather see Finance less proud and Industry more content…” –Winston Churchill, 1925

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Must-Read: Thomas Philippon

May 23, 2016

May 23, 2016

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon