Morning Must-Read: Alejandro Badel: Economic Mobility across Federal Reserve Districts: “A recent dataset by economists Chetty, Nathaniel Hendren, Patrick Kline and Emmanuel Saez (CHKS hereafter)…

…People born in 1980–82. The family income of these persons in 2011–12… was compared with the income of their parents in 1996–2000…. We focused on the probability that a child raised in the bottom fifth of the U.S. income distribution rose to the top fifth.
https://www.stlouisfed.org/on-the-economy/2015/february/economic-mobility-across-federal-reserve-districts

Originally published at www.bradford-delong.com.