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Articles by Scott Winship

What Lower Labor Force Participation Rates Tell Us About Work Opportunities and Incentives

Scott Winship | 07/16/2015

It is my belief that much of what we think we know about living standards, economic insecurity, and the state of the economy is incorrect, based on a mistaken read of the available data. Our misinterpretation of the data, more often than not, translates into an exaggeration of the economic challenges we face.

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Shrinking Households Indicate Rising Living Standards

Scott Winship | 07/06/2015

When looking at trends in household income, it is important to adjust incomes for household size when analyzing trends in living standards because households are smaller today than in the past.

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Whether and How to Adjust Income Trends For Declining Household Size

I recently wrote a scintillating essay on the best way to adjust household income growth to take inflation into account. If you loved that one—and you both know who you are—the next 3,000 words are going to be pure bliss. 

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Debunking Disagreement Over Cost-Of-Living Adjustment

American living standards are better, and have improved more than the conventional wisdom would suggest.

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A Conservative Opportunity Agenda

Scott Winship | 06/02/2015

There is an emerging consensus from both political parties that Washington needs to address economic opportunity in the form of public policy. Yet, conservative approaches to this country's fiscal issues are generally more effective.    

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Debunking The Great Gatsby Curve

Scott Winship | 05/21/2015

The Great Gatsby Curve has certainly generated plenty of heat, but very little light. The measure of “mobility” used in the Curve — the “intergenerational elasticity” — worsens when the rate of growth in inequality rises. It is hardly surprising that a mobility indicator that also reflects inequality growth should be correlated with inequality.The United States has the same upward mobility rates as Canada and Sweden, despite the fact that the three countries have, respectively, high, moderate, and low levels of inequality. 

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The Left's Worst Inequality Bogeyman Attempt Yet

Scott Winship | 05/15/2015

When adults’ incomes are compared with their own parents’ incomes at the same age, the median change between 1978 and 2005 was a 93 percent increase. Today’s adults typically have incomes twice as large as their parents had at the same age. Fully 83 percent of today’s adults are better off than their parents were.

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Has Middle-Class Pay Risen As Much As It Should Have?

Scott Winship | 05/12/2015

Even if rising inequality did come at the expense of the middle class (or the poor), there is a values question that is separate from the empirical question: should the middle class (or the poor) have seen stronger income growth? 

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Does America Have Less Economic Mobility? Part 3

Scott Winship | 05/08/2015

In the first installment of this series on America’s economic mobility, I noted that the conventional wisdom that the U.S. has worse economic mobility than other countries was firmed up by two 2006 papers, one by Miles Corak, one by a team led by Markus Jantti. The second installment argued that the findings from papers like Corak’s are cast into doubt by Corak’s latest paper with two coauthors. This column, the third installment, now turns to the Jantti paper, which was notable for comparing several countries using pure measures of rank mobility.

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