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University of Ottawa Professor Analyzes Sources of Economic Inequality in Cornell Lecture
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Nearly 100 people attended a lecture on the variables affecting income inequality delivered by Prof. Miles Corak, economics, University of Ottawa, in Goldwin Smith Hall Monday. Corak began the talk titled ‘Too many children left behind? Inequality, Life Chances, and Public Policy’ by introducing “three facts” related to intergenerational economic mobility and levels of income inequality. He said “generational earnings mobility” – the measure of the extent to which one’s parents’ income determines one’s own income – varies from country to country. The United States and United Kingdom are among the highest ranked of the countries in this metric, that is, in those countries, the most inequality from generation to generation is preserved, according to Corak.