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Here's where the US falls on the 'Great Gatsby Curve,' a damning chart economists use to track inequality in every country
Here's where the US falls on the 'Great Gatsby Curve,' a damning chart economists use to track inequality in every country
Feb 23, 2020, 21:10 IST
Developing countries, such as Chile, tend to fall in the high-inequality, low-mobility section of the Great Gatsby Curve.
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The Great Gatsby Curve can be seen in other mobility measures, such as how many generations it takes for a low-income family to reach the average income.
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The same is true for educational mobility: Upward educational mobility tends to be higher in countries with low income inequality.