The Gatsby Curve

Paul Krugman relays some of the work of his colleague (Alan Krueger) on inequality and social mobility with the graph below -first, a little context:

On the horizontal axis is the Gini coefficient, a measure of inequality. On the vertical axis is the intergenerational elasticity of income — how much a 1 percent rise in your father’s income affects your expected income; the higher this number, the lower is social mobility.

What would Daisy Buchanan say? I’m guessing that the movie version will be a disappointment. Check out more here and here.