Improving Opportunities for Economic Mobility: New Evidence and Policy Lessons
Myron Scholes Global Markets Forum
May 19, 2015, 5:30–7 p.m., Gleacher Center
Is America the “land of opportunity”? In two recent studies, Raj Chetty and his coauthors have found that: (1) Upward income mobility varies substantially within the US; areas with greater mobility tend to have five characteristics: less segregation, less income inequality, better schools, greater social capital, and more stable families. (2) Contrary to popular perception, economic mobility has not changed significantly over time; however, it is consistently lower in the US than in most developed countries.
The Myron Scholes Global Markets Forum is part of the Initiative on Global Markets (IGM) and is generously sponsored by Myron Scholes.
What’s good for poor kids isn’t bad for rich ones, The Washington Post (May 11)