The Great Gatsby Curve

23 Jan, 2012 at 11:28 | Posted in Economics, Politics & Society | Comments Off on The Great Gatsby Curve

If you thought that inequality was no problem, I think you should take a look at this graph:


The vertical axis shows how much a one percent rise in the income of your father affects your expected income (the higher the number, the lower is the expected social mobility). On the horizontal axis is the Gini coefficient, which is a measure of inequality (the higher the number, the higher is the inequality).

Sometimes a graph says more than a thousand words …

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