One of the most striking social science findings of recent years is that only half of today’s 30-year-olds earn more than their parents. Raj Chetty and his coauthors showed that rates of absolute mobility—that is, the share of children with higher inflation-adjusted incomes than their parents—declined from around 90 percent for children born in 1940 … Continue reading
A child’s future income level in Canada is more strongly determined by his or her father’s income than previously thought, according to a new study. Intergenerational income mobility is measured by comparing the income of parents with the income of their children when the latter become adults. If parents and their adult children were all … Continue reading
There are a number of different ways in which inequality of household income can be presented and summarised. Perhaps the most widely used measure internationally is the Gini coefficient. Gini coefficients can vary between 0 and 100 and the lower the value, the more equally household income is distributed. Analysis of Gini coefficients for all … Continue reading
The extensive Job Gap as tremendous impact. According to the 2012 of the ILO report on Global Employment Trends(GET), the world facesa Global Job Gap of 600 million jobs.