One of the most influential ideas to arise out of recent economic research is the notion that people’s ability to move up the income ladder over generations is heavily influenced by where they live. If you reside in certain areas of the US Southeast, for example, you will experience less upward mobility than if, say, you live in certain areas of the Great Plains. Further, these variations occur at a neighborhood level, such that if you live in a city, for example, you will experience differences in intergenerational mobility depending on where you live within that city. In other words, location is destiny, at least on average.  

Methodologies described in this new research offer more accurate assessments of polling data, with potential impact on influential candidate rankings.

The estimated strength or weakness of a risk premium factor in asset pricing should be derived from a broad set of assets; this work proposes a novel methodology to select assets from a universe of test assets and to estimate the risk premium of a particular factor by accounting for all weak factors.