Found 15 article(s) for author 'Social Mobility'

Das Knowhow Kapital

Das Knowhow Kapital. Ricardo Hausmann, March 17, 2017, Opinion, “It has been a quarter-century since apartheid ended, and 23 since the African National Congress took power in South Africa. But, as President Jacob Zuma reported in his recent State of the Nation Address, the country’s whites remain in control.  “White households earn at least five times more than black households,” said Zuma, and “only 10% of the top 100 companies on the Johannesburg Stock Exchange are owned by black South Africans.” Whites still represent 72% of top management. The Gini coefficient, a widely-used measure of inequality, shows no sign of falling and remains one of the highest in the world.” Link

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The Crisis of the Middle Class: Davos Panel

The Crisis of the Middle Class: Davos Panel. Lawrence Summers, January 18, 2017, Video, “IMF Managing Director Christine Lagarde, Italian Economy and Finance Minister Pier Carlo Padoan, Harvard University President Emeritus Larry Summers, Bridgewater Chairman Ray Dalio, and Brazillian Finance Minister Henrique Meirelles discuss the global challenges facing the middle class with Bloomberg’s Francine Lacqua on the Crisis in the Middle Class panel at the World Economic Forum in Davos on Wednesday.Link

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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

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A Country Divided: The Growing Opportunity Gap in America

A Country Divided: The Growing Opportunity Gap in America. Robert Putnam, 2016, Paper, “Are the destinies of children from poor and wealthy families diverging? This paper explains why this is the question to ask if we wish to study equality of opportunity in America today. Drawing on the research behind Robert Putnam’s (2015) Our Kids: The American Dream in Crisis, we show that, since the 1970s, children in the top-third and the bottom-third of the socioeconomic hierarchy have sharply diverged on factors predicting life success. This gaping “opportunity gap” augurs a collapse of social mobility in the decades ahead. Given the causes of the opportunity gap, we explore promising policy options for restoring equality of opportunity in America.Link

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Did declining social mobility cause Trump’s rise? In a word, no.

Did declining social mobility cause Trump’s rise? In a word, no. Filipe Campante, David Yanagizawa-Drott, December 9, 2016, Opinion, “There has been a heated debate over the role that that economic factors played in the improbable journey that took Donald Trump all the way to the presidency. “Economic anxiety” is the umbrella term that many pundits have seized on to explain what drove a substantial number of (white) working-class voters to Trump. While economic anxiety is a somewhat vague concept, a decrease in prospects for social mobility is part of the story many have in mind.Link

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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

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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

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An Account of One’s Own: Can Targeting Benefits Payments Address Social Constraints to Female Labor Force Participation?

An Account of One’s Own: Can Targeting Benefits Payments Address Social Constraints to Female Labor Force Participation? Rohini Pande, October 2016, Paper, “Although emerging economies have enjoyed robust growth in recent years, in many cases female labor force participation has remained low, or even fallen. India, where women often face highly restrictive gender norms regarding work and mobility, is a particularly stark negative outlier. In collaboration with the state government of Madhya Pradesh, we experimentally varied whether women’s wages from India’s public workfare program were deposited into female-owned bank accounts versus an account owned by the male household head.Link

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