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December 1, 2022
Was Rising Inequality Behind Falling Absolute Mobility? Reassessing Chetty et al. (2017)
In 2017, a widely publicized paper by a research team led by Harvard economist Raj Chetty found that while the vast majority of American kids born in 1940 ended up better off at age 30 than their parents fared at the same age, that was only true of half of kids born in 1980. Moreover,…