Gary Solon’s work on “Intergenerational Income Mobility in the United States,” not only questioned the previously existing consensus of highly mobile American households, but also concluded that the correlation between a father’s earnings and his son’s might be at least 0.4 or higher. Years after his work, new studies have been emerging and suggest that the 0.4 correlation might be a bit too optimistic. In this vein, how can we tackle the issue of inter-generational social immobility? The Free Exchange blog has enlisted Miles Corak, Gregory Clark, and World Bank’s Francisco Ferreira to comment on the field. Read the summary and expert remarks here.
There is often talk about how trade harms the poor, especially in closed economies. However, evidence suggests otherwise. In a recent World Bank Policy Research Working Paper, Raju Jan Singh and Maelan Le Goff find that, trade does tend to reduce poverty, in specific settings. Read Raju’s blog post to know more.
Who are India’s key trading partners? Other emerging economies. According to data by Export-Import Bank of India, Asia is a key destination of India’s exports, while its top import source is China. To know more about this and to download the data, read “India’s Trade” on the Data Blog.
Earlier this week, the World Health organization and the World Bank convened in Geneva to discuss best practices for moving forward on universal health coverage (UHC). In the light of this important meeting, the World Bank has released 22-country case study that analyzes the “nuts and bolts” of UHC. Visit the website to know more.