From Planet Money.
See also US economic mobility data and Not (all) in our genes?
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6 comments:
The juicier part of these apples seems to be the x axis. I kinda thought doctors kids tended to be doctors, which would bias their childhood income upward - but no such bias is observed - just a great way for the apple to end up far from the tree. The "first responders" public-sector-union crowd seems to be a great way for the apple to gain distance from the tree as well.
Considering that median real wages have stagnated (if not outright declined) in the last two generations I find that scatterplot highly dubious.
docs, dents, and surges (http://www.youtube.com/watch?v=GHZWWFmaFcI) at < 100k can't be right.
hmmm. ly. a candy apple who fell from a monkey puzzle tree.
hmmm. ly. a candy apple who fell from a monkey puzzle tree.
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Yet another shocking study showing the most brilliant in law and finance stay that way or at worst become professionals and scholars, the low-IQ stay that way, and those held back in one generation go forward into the next via e.g. business and the professions. Who knew?
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