Posts Tagged ‘Seattle’

  • Income Mobility: Location Matters

    Jul 23, 13 • 124 Views • Behavioral Economics, Economic Debates, Government, Households, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Reading about US income mobility, I recalled what fractal mathematician Benoit Mandelbrot said about the British coastline. While from a distance it will appear straight, the closer you look, the more you see its indents and zigzags. Consequently, Dr....