3. “At this point, it takes a lot for Star Wars-branded crap to surprise us.” And there is no great stagnation: Chinese smart phone doubles as a chopping board.
5. Benhabib, Bisin, and Luo (pdf): in the Piketty tradition, but a more useful disaggregation of the data, slides here (also pdf). For most of you the slides are more useful than the paper. On p.58 of the slides: “Estimate of inter-generational correlation on returns on wealth is about zero”.