Recently, a report sparked a media feed (not quite large enough to qualify as a frenzy). We heard that the murder rate in many cities had soared. As is often the case this was a gross misreading of the data. Two of the largest mistakes were ignoring the notion of statistical fluctuations and that the […]
A study was recently released by Raj Chetty, Nathaniel Hendren, Patrick Kline, and Emmanuel Saez from Harvard and U.C. Berkeley. This has been widely reported in the press as the Harvard Mobility Study. The results are not entirely radical, but they are important. The short story is that mobility (a change in class status from […]
