{"id":8197,"date":"2013-08-04T00:52:41","date_gmt":"2013-08-04T04:52:41","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8197"},"modified":"2013-08-04T00:52:41","modified_gmt":"2013-08-04T04:52:41","slug":"sprawl-does-not-reduce-economic-mobility-cato-liberty","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/04\/sprawl-does-not-reduce-economic-mobility-cato-liberty\/","title":{"rendered":"Sprawl Does Not Reduce Economic Mobility | Cato @ Liberty"},"content":{"rendered":"

Randal O’Toole writes that economic mobility is unrelated to urban sprawl as suggested by Paul Krugman:<\/p>\n

The Equality of Opportunity Project found that economic mobility is low throughout the South (except Texas), not just in Atlanta. But the differences in the unit measured — the percentage of children in the bottom fifth of incomes who end up in the top fifth — are small, ranging from 4 percent in Atlanta to 11 percent in San Jose. Moreover, what differences there are appear to be unrelated to sprawl: Chicago, a fairly dense area, is almost as low as Atlanta, while Pittsburgh, a fairly low-density area, is almost as high as San Jose.<\/p>\n

The study lists a lot of factors that seem to correlate with low economic mobility, but none of them are related to population density or sprawl. The most important factors appear to be tax rates, racial residential segregation, K-12 school quality, and the percentage of single-parent families. The South scores particularly high on racial residential segregation and low on K-12 schools, which together go much further toward explaining its relatively low economic mobility than urban sprawl.<\/p><\/blockquote>\n

The factors that affect economic mobility or equal opportunity are fairly obvious but worth repeating:<\/p>\n

    \n
  1. tax rates;<\/li>\n
  2. residential segregation;<\/li>\n
  3. quality education; and<\/li>\n
  4. family structure.<\/li>\n<\/ol>\n

    The first three are within reach of positive government intervention, but I suspect the last — broken family ties — is the most pernicious and difficult to reverse.<\/p>\n

    Read more at Sprawl Does Not Reduce Economic Mobility | Cato @ Liberty<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Randal O’Toole writes that economic mobility is unrelated to urban sprawl as suggested by Paul Krugman: The Equality of Opportunity Project found that economic mobility is low throughout the South (except Texas), not just in Atlanta. But the differences in the unit measured — the percentage of children in the bottom fifth of incomes who … <\/p>\n

    Continue reading “Sprawl Does Not Reduce Economic Mobility | Cato @ Liberty”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[1177,1260,3655],"class_list":["post-8197","post","type-post","status-publish","format-standard","hentry","category-the-big-picture","tag-economic-mobility","tag-equal-opportunity","tag-welfare"],"yoast_head":"\nSprawl Does Not Reduce Economic Mobility | Cato @ Liberty - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sprawl Does Not Reduce Economic Mobility | Cato @ Liberty - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Randal O’Toole writes that economic mobility is unrelated to urban sprawl as suggested by Paul Krugman: The Equality of Opportunity Project found that economic mobility is low throughout the South (except Texas), not just in Atlanta. 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He goes on to suggest we fix this by taking advantage of opportunities for higher density development in sparsely populated inner suburbs. But his argument\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"The Conversation","src":"https:\/\/i0.wp.com\/counter.theconversation.edu.au\/content\/12818\/count.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14749,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/01\/30\/trumps-dumb-war-on-nafta-bloomberg-view\/","url_meta":{"origin":8197,"position":1},"title":"Trump’s Dumb War on Nafta | Bloomberg View","author":"ColinTwiggs","date":"January 30, 2017","format":false,"excerpt":"Bloomberg editorial view: America's trade pact with Mexico and Canada reshaped all three economies, creating a highly integrated and competitive economic zone. The evidence is clear that, in the aggregate, this helped American workers -- and not just because Nafta and other free-trade agreements make goods cheaper and promote U.S.\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9542,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/23\/australias-housing-affordability-crisis\/","url_meta":{"origin":8197,"position":2},"title":"Australia’s housing affordability crisis","author":"ColinTwiggs","date":"March 23, 2014","format":false,"excerpt":"This private submission by Michael Dromgool to Australia's Housing Affordability Inquiry identifies supply restrictions as the key cause of the current housing affordability crisis: Traditionally the flexible forces of demand and supply in the property market self-managed the development of land for housing. Development occurred in locations where and when\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9496,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/16\/income-inequality-a-big-whopper\/","url_meta":{"origin":8197,"position":3},"title":"Income inequality: A big whopper","author":"ColinTwiggs","date":"March 16, 2014","format":false,"excerpt":"Hats off to John Mauldin for publishing retired economics professor (North Carolina State University) Dr. John Seater's rebuttal of the Cynamon and Fazzari article on Income Inequality from last week's newsletter: A big whopper, for example, is their assertion that a shift in income from the poor to the rich\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29826,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/12\/10\/omicron-may-be-our-best-hope-of-taming-the-pandemic\/","url_meta":{"origin":8197,"position":4},"title":"Omicron may be our best hope of taming the pandemic","author":"Colin Twiggs","date":"December 10, 2021","format":false,"excerpt":"Almost a year before Omicron appeared, Paul Ewald, an evolutionary biologist, predicted that the COVID virus would evolve in the direction of a highly contagious but less deadly variant. 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The country accounts for 62% of the world\u2019s production of the alloy according to Mining.com. Steel demand has been boosted by China's push to stimulate real estate investment and infrastructure spending.\u2026","rel":"","context":"In "Africa & South America"","block_context":{"text":"Africa & South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=8197"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8197\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=8197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=8197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=8197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}