Tuesday, July 15, 2014

Inherited income regression to the mean?

NYT: "According to a recent study, if your income is at the 98th percentile of the income distribution — that is, you earn more than 98 percent of the population — the best guess is that your children, when they are adults, will be in the 65th percentile."

Seems much more of a regression than I would have thought.

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