Found 20 article(s) for author 'Raj Chetty'

The Impact of Neighborhoods on Intergenerational Mobility II: County-Level Estimate

The Impact of Neighborhoods on Intergenerational Mobility II: County-Level Estimate. Raj Chetty, Nathaniel Hendren, 2016, Paper, “We characterize the effects of neighborhoods on children’s earnings and other outcomes in adulthood by studying more than five million families who move across counties in the U.S. We identify the causal effect of growing up in every county in the U.S. by estimating a fixed effects model identified from families who move across counties with children of different ages. We use these estimates to quantify the size of place effects, construct optimal forecasts of the causal effect for each place, and study the characteristics of places that cause higher (and lower) economic outcomes.Link

Tags: , , , , ,

The Fading American Dream: Trends in Absolute Income Mobility Since 1940

The Fading American Dream: Trends in Absolute Income Mobility Since 1940. Raj Chetty, 2016, Paper, “One of the defining features of the “American Dream” is the ideal that children have a higher standard of living than their parents. We assess whether the U.S. is living up to this ideal by estimating rates of “absolute income mobility” – the fraction of children who earn more than their parents – since 1940.Link

Tags: , , ,

Improving Opportunities for Economic Mobility

Improving Opportunities for Economic Mobility. Raj Chetty, Fall 2016, Paper, “The American dream is a complicated concept, but I’d like to distill it down to a simple statistic that we are able to measure with data: the probability that a child born to parents in the bottom fifth of the income distribution makes the leap all the way to the top fifth of the income distribution.Link

Tags: , , ,

The Association Between Income and Life Expectancy in the United States, 2001-2014

The Association Between Income and Life Expectancy in the United States, 2001-2014. Raj Chetty, April 10, 2016, Paper. “Importance: The relationship between income and life expectancy is well established but remains poorly understood.  Objectives” To measure the level, time trend, and geographic variability in the association between income and life expectancy and to identify factors related to small area variation.  Design and Setting: Income data for the US population were obtained from 1.4 billion deidentified tax records between 1999 and 2014. Mortality data were obtained from Social Security Administration death records. These data were used to estimate race- and ethnicity-adjusted life expectancy at 40 years of age by household income percentile, sex, and geographic area, and to evaluate factors associated with differences in life expectancy.Link

Tags: , , , ,

How Disadvantaged Neighborhoods Amplify Racial Inequality

How Disadvantaged Neighborhoods Amplify Racial Inequality. Raj Chetty, September 1, 2015, Video. “Where you grow up can profoundly affect your life in real, measureable ways. For young, poor children, moving out of high poverty neighborhoods can substantially improve long-term economic prospects. What are the implications for addressing racial inequality in America? Special correspondent Charlayne Hunter-Gault talks to Raj Chetty, visiting professor at Harvard University.” Link

Tags: ,

Behavioral Economics and Public Policy: A Pragmatic Perspective

Behavioral Economics and Public Policy: A Pragmatic Perspective. Raj Chetty, May 2015, Paper. “The debate about behavioral economics–the incorporation of insights from psychology into economics–is often framed as a question about the foundational assumptions of economic models. This paper presents a more pragmatic perspective on behavioral economics that focuses on its value for improving empirical predictions and policy decisions. I discuss three ways in which behavioral economics can contribute to public policy: by offering new policy tools, improving predictions about the effects of existing policies, and generating new welfare implications.” Link

Tags: , , , , , , , , , , , ,

The Impacts of Neighborhoods on Intergenerational Mobility: Childhood Exposure Effects and County-Level Estimates

The Impacts of Neighborhoods on Intergenerational Mobility: Childhood Exposure Effects and County-Level Estimates. Raj Chetty, Nathaniel Hendren, May 2015, Paper, “We characterize the effects of neighborhoods on children’s earnings and other outcomes in adulthood by studying more than five million families who move across counties in the U.S. Our analysis consists of two parts. In the first part, we present quasi-experimental evidence that neighborhoods affect intergenerational mobility through childhood exposure effects. In particular, the outcomes of children whose families move to a better neighborhood…” Link

Tags: , ,

The Impacts of Neighborhoods on Intergenerational Mobility: Childhood Exposure E↵ects and County-Level Estimates

The Impacts of Neighborhoods on Intergenerational Mobility: Childhood Exposure E↵ects and County-Level Estimates. Raj Chetty, Nathaniel Hendren, May 2015, Paper, “We characterize the e↵ects of neighborhoods on children’s earnings and other outcomes in adulthood by studying more than five million families who move across counties in the U.S. Our analysis consists of two parts. In the first part, we present quasi-experimental evidence that neighborhoods effect intergenerational mobility through childhood exposure effects. In particular, the outcomes of children whose families move to a better neighborhood – as measured by the outcomes of children already living there – improve linearly in proportion to the time they spend growing up in that area. We distinguish the causal e↵ects of neighborhoods from confounding factors by comparing the outcomes of siblings within families, studying moves triggered by displacement shocks, and exploiting sharp variation in predicted place e↵ects across birth cohorts, genders, and quantiles.Link

Tags: , , , ,

Behavioral Economics and Public Policy: A Pragmatic Perspective

Behavioral Economics and Public Policy: A Pragmatic Perspective. Raj Chetty, January 2015, Paper. “The debate about behavioral economics – the incorporation of insights from psychology into economics – is often framed as a question about the foundational assumptions of economic models. This paper presents a more pragmatic perspective on behavioral economics that focuses on its value for improving empirical predictions and policy decisions. I discuss three ways in which behavioral economics can contribute to public policy: by offering new policy tools, improving predictions about the effects of existing policies, and generating...” Link

Tags: ,