Jesus, Glen,

How did you read a 104-page paper in the last 2 hours?

Let me try to catch up….

Eric


> On Dec 9, 2020, at 10:22 AM, uǝlƃ ↙↙↙ <[email protected]> wrote:
> 
> I'm a little confused by these 2 plots from Chetty et al 2014: 
> https://linkprotect.cudasvc.com/url?a=http%3a%2f%2fwww.equality-of-opportunity.org%2fassets%2fdocuments%2fmobility_geo.pdf&c=E,1,EWLu4cM_9RwY2BIbaDWKKgnkDtUCHDzrO-J-aGqpBw4Ff7K3Z0iBK8K87ztnQmoWOqmCGbvhLD5lpb9D6wXlf043pQOzHh-o0zQtaWR35HQ,&typo=1
> 
> From the ranked plot, it seems like an equitable leveling/redistribution is 
> at work. But from the raw income plot, it simply seems like children make 
> less money than their parents (an absolute reduction in quality of life). 
> These seem paradoxical to me, meaning that perhaps I haven't grokked all the 
> data, or the particular data being plotted is inadequate to express the 
> trend. I confess I'm motivated by stories from Pinker and Shermer about 
> absolute improvements in the world (considered massively, not particularly), 
> which leads me to the leveling interpretation.
> 
> On 12/9/20 5:25 AM, David Eric Smith wrote:
>> To continue to try to add raw material to the discussion that EricC took up 
>> on this when I made some overly-simple claims earlier, here is a Brookings 
>> summary article on work by Raj Chetty (cited in the earlier thread as well):
>> https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fwww.brookings.edu%2fblog%2fsocial-mobility-memos%2f2018%2f01%2f11%2fraj-chetty-in-14-charts-big-findings-on-opportunity-and-mobility-we-should-know%2f&c=E,1,UcbKXU_d6UupdLMKHI8ROyxSQtJjho_dT-rHCNEARSkLR3ffOT4MD4nYN6Yd9CnUBw08BKoUW_YLyQfE8BmiPWqAbNd0BFFB8byy_214glaH6F6LFgQ,&typo=1
>>  
>> <https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fwww.brookings.edu%2fblog%2fsocial-mobility-memos%2f2018%2f01%2f11%2fraj-chetty-in-14-charts-big-findings-on-opportunity-and-mobility-we-should-know%2f&c=E,1,v8x5Sfs8Fr2BBCXzt1Omp2bJoA7X8soDHGyXBmN4iIaQqbxjm7Vi1tYFCGCKG-UQQvgkkpM2NqPdlVCvdIZ8JfdJInsEpRQmMDV_eGwcuFFAW4iWhus,&typo=1>
>> A thing I find striking in Chetty’s output is how many compilations he can 
>> produce that make statistical analysis superfluous.  There are data that are 
>> so close to a perfect line that there is little for a regression to do, or 
>> that are so consistent with time-constancy that there is no suggestion of a 
>> signal to look for other than stasis.  A lot of it seems to come from 
>> finding good conditions on which to bin data, though the bin categories do 
>> not seem highly artificial or cherry-picked, to me.
> 
> 
> -- 
> ↙↙↙ uǝlƃ
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