What Gives Poor Kids a Shot at Better Lives? Economists Find an Unexpected Answer - WSJ - 0 views
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For all our divisions, Americans have been united by a singular obsession: How can we have a better life? Economists call this economic mobility—the ability to move up the income ladder and make it to a higher rung than your parents.
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Harvard University economist Raj Chetty has spent more than a decade working to understand what makes mobility possible, and why in some places the children of poor parents have been more able to move up than in others.
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Using anonymized census and tax data, Chetty and his fellow researchers have been able to follow millions of Americans from childhood into adulthood. The data showed that even in neighborhoods bordering one another, outcomes for poor children can be vastly different.
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