This paper explores the dynamics of income inequality by studying the evolution of human capital investment and neighborhood choice for a population of families. Parents affect the conditional probability distribution of their children's income through the choice of a neighborhood in which to...

Merit and justice / Amartya Sen -- Equality of opportunity / John E. Roemer -- IQ trends over time: intelligence, race, and meritocracy / James R. Flynn -- Genes, culture, and inequality / Marcus W. Feldman, Sarah P. Otto, and Freddy B. Christiansen -- Schooling, intelligence, and income in...