life chances

Miles Corak: Inequality and life chances

While it is now only just over a year since the Occupy Wall Street movement began to draw attention to the wide and growing gulf between the 1% and the 99%, many have been quick to dismiss its staying power. After all, it was pointed out from the very beginning that the Occupy movement really did not have much to offer in terms of concrete policy proposals. But the vagueness OWS projects in terms of its policy proposals is hardly a basis for dismissing its significance.

Are boomer kids really getting a raw deal?

We often hear that there is a large and unfair gap between the life-chances of the baby boomers – those persons now in their mid-50s to early 60s – and their children, the echo-baby boomers now in their 20s.

In reality, class inequality within generations is far greater than differences between generations. There are extremes of rich and poor and a shrinking middle-class within all age groups.

For young people today, good jobs are hard to find, student debt is soaring, and the cost of breaking into the housing market has never been higher. The economic recovery from the Great...

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