Economy Jan 05

What explains who becomes an inventor?

A new working paper finds that children from families in the top 1 percent of the income distribution are 10 times more likely to become inventors than those from families in the bottom 50 percent, and that over 80 percent…

Economy Feb 07

How the housing crisis boxed in some job seekers

When job searchers were constrained geographically due to the "lock in" effect of lower home values, they were more likely to apply for lower-level and lower-paying positions within their commuting zone.