The purple, upwardly mobile line shows the average interest rate that the authors project that investors will demand.
It's too bad, because this tension embodies a bitterly ironic tone that lies at the core of the authors' project.
The authors project a gentle slowdown of growth, which will average 7% in the second half of this decade and 5% from 2026-30 (see chart 1).
That figure was an average for the half-century from 1990 to 2040; the Cornell authors projected an average of $43,814 in 1990, rising to a high of $107,180 in 2030 before falling to $97,636 in 2040.
The share of the nation's economic output produced in metro areas nudged up to 84.7percentt in 2000 from 84.3percentt in 1990, and the study's authors projected the share to reach nearly 87percentt by 2025.
However, rapid growth may not be possible to sustain in the future and this is at any rate not the main reason the authors project that inequality will fall.
Using these figures, which go through the recession into 2011, the authors project that the average default rate for law school students who graduated in 2009 was roughly 3 percent.
Adding a penny-per-ounce excise tax on sugary soft drinks could reduce consumption by more than 10 percent and would generate an estimated $1.2 billion in New York State alone, the authors projected.
The authors projected outward to 2020 based on the European Union's proposed timetable for carbon emissions standards, though in the United States the next round of corporate average fuel economy, or CAFE, standards is scheduled to apply from 2017 through 2025.
These authors projected a similar ratio for methamphetamine of 1.8.
