diff --git a/frame/staking/README.md b/frame/staking/README.md
index 1f1ba3dffa816..a379d0a7ad5e2 100644
--- a/frame/staking/README.md
+++ b/frame/staking/README.md
@@ -176,7 +176,7 @@ Validators and nominators are rewarded at the end of each era. The total reward
 calculated using the era duration and the staking rate (the total amount of tokens staked by
 nominators and validators, divided by the total token supply). It aims to incentivize toward a
 defined staking rate. The full specification can be found
-[here](https://research.web3.foundation/en/latest/polkadot/Token%20Economics.html#inflation-model).
+[here](https://research.web3.foundation/en/latest/polkadot/economics/1-token-economics.html#inflation-model).
 
 Total reward is split among validators and their nominators depending on the number of points
 they received during the era. Points are added to a validator using