Save the Children have what I think is a fantastic new ad campaign highlighting the importance of luck in determining life chances. Being born in the UK almost automatically guarantees you a position as one of the richest 15% of people on the planet (that is at the basic rate of unemployment benefit for 18 year olds, excluding additional benefits).
the policy-induced portion of the place premium in wages represents one of the largest remaining price distortions in any global market; is much larger than wage discrimination in spatially integrated markets; and makes labor mobility capable of reducing households’ poverty at the margin by much more than any known in situ intervention (Clemens, Montenegro and Pritchett).People worry about the ethical implications of randomly allocating treatments in small research projects. Yet when people are randomly born in hopeless economies with tyrannical rulers, we do everything we can to prevent them escaping.
Spin the wheel for yourself and see where you could have ended up.
HT: @viewfromthecave @laurenist