Do the Rich Capture All the Gains from Economic Growth?

Re:Do the Rich Capture All the Gains from Economic Growth? by Joeri on Thursday October 25, 2018 @05:12PM (#18304630)

The biggest manipulation is they divide household income by the square of household size, which makes the bigger families of the 60’s seem to earn a lot less than they did. The whole thing is based on two studies funded by the same institute based on the same biased dataset, and diving into how they get their numbers is enlightening.

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Re:Do the Rich Capture All the Gains from Economic Growth? by quickthrower2 on Thursday October 25, 2018 @05:30PM (#18304743)

Statistics people love squaring stuff! Why are they squaring the household size?

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Re:Do the Rich Capture All the Gains from Economic Growth? by manicdee on Thursday October 25, 2018 @05:43PM (#18304835)

Because it makes the later salary per household look better.

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Re:Do the Rich Capture All the Gains from Economic Growth? by darpa_escapee on Thursday October 25, 2018 @07:46PM (#18305612)

Squaring explodes differences.

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Re:Do the Rich Capture All the Gains from Economic Growth? by burlesona on Friday October 26, 2018 @11:00AM (#18309819)

Ugh, which may be completely missing the causality. I’d argue that many people are having fewer kids (smaller households) soecifically because raising them has become so expensive.

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