Evening Must-Read: Paul Krugman: Will University Economics Departments Help Us Understand Business Cycles?
Things to Read on the Evening of January 23, 2014

Evening Must-Read: Mark Thoma: Mobility Roundup

Mark Thoma: Economist's View: Income Mobility: "The topic of the day seems to be the [Chetty et al.] new study on income mobility:

And Mark comments:

My take is similar to Kevin Drum's, who manages to separate the level of mobility (very low) to the rate of change (one study, the latest, says mobility is unchanged).... [And Heather's] response emphasizes the geographic variation--where you are born appears to matter quite a bit.