Taxes and Labor Supply: Greg Mankiw provides a personal example
http://www.nytimes.com/2010/10/10/business/economy/10view.html
Meanwhile, Slate's Noah has a ten part feature on income inequality in the US - The Great Divergence
http://www.slate.com/id/2267157/
Malcolm Gladwell considers the question “Why Are Stars Paid so Much?”
Meanwhile, Slate's Noah has a ten part feature on income inequality in the US - The Great Divergence
http://www.slate.com/id/2267157/
Italian Economy – Strangled by Gerontocracy
The above noted article succinctly summarizes Italy’s problem:
“The motives of those leaving haven't changed much since the last wave of economic migrants struck out to make their fortunes a century ago. But this time, instead of peasant farmers and manual laborers packing themselves onto steamships bound for New York City, Italy is losing its best and brightest to a decade of economic stagnation, a frozen labor market and an entrenched system of patronage and nepotism. For many of the country's most talented and educated, the land of opportunity is anywhere but home”.