Expecting an inheritance influences an individual's education decisions — not because of the anticipated windfall, but because the heir will need to finance future intergenerational transfers, a new working paper by @janmazza.bsky.social finds. stonecenter.gc.cuny.edu/publications...

1/2 An interesting new paper by Jan Mazza and Andrej Mijakovic that shows a relationship between income inequality and trade imbalances: "We document that higher income inequality is associated with higher current account balances." janmazza.com/Mazza_Mijako...

After the AfD's surge on Sunday, far right parties are the most voted-for of any grouping in Europe, for the first time in history: www.economist.com/graphic-deta...

Few people even know about this; when people are asked in surveys how child mortality has changed the majority says it has stagnated or increased. If you consider that many don't know about humanity's biggest achievement, then it's not surprising that many are so pessimistic about our future.

A lot of the "Why Kamala Harris lost" is just the opposite of the airplane meme.

Rereading Ezra Klein and struck by irony. Our political moment is marked by polarisation, driven by underlying sorting across geography, class, education, gender which in turn conspire to become political super identities. Everyone fleeing X to here is both indicative of it and exacerbates it.