Found 3 article(s) for author 'opportunity'

We no longer share a common lived experience

We no longer share a common lived experience. Lawrence Summers, October 9, 2019, Opinion, “The economic geography of the United States is central to our most serious economic, social and political problems. And yet it is a subject that receives only the episodic attention of federal policymakers and initiatives that are far too small to have a meaningful chance of success.Link

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Access To The American Dream Isn’t Just Determined By Income. Geography Matters

Access To The American Dream Isn’t Just Determined By Income. Geography Matters. Raj Chetty, September 27, 2019, Audio, “Research shows that America’s claim of social mobility is a myth, according to Harvard Economics Professor Raj Chetty, who told Boston Public Radio Friday that children in America are half as likely to climb out of poverty than they are in Canada. Chetty is the William A. Ackman Professor of Economics at Harvard and director of the Opportunity Insights program, where his team has determined that geography is crucial in determining social mobility. And this geography is specific, Chetty’s research shows — sometimes even correlated to a person’s neighborhood or block.Link

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The Rise of Opportunity Markets: How Did It Happen & What Can We Do?

The Rise of Opportunity Markets: How Did It Happen & What Can We Do? Peter Hall, June 28, 2019, Paper, “We describe the rise of “opportunity markets” that allow well-off parents to buy opportunity for their children. Although parents cannot directly buy a middle-class outcome for their children, they can buy opportunity indirectly through advantaged access to the schools, neighborhoods, and information that create merit and raise the probability of a middle-class outcome. The rise of opportunity markets happened so gradually that the country has seemingly forgotten that opportunity was not always sold on the market. If the United States were to recommit to equalizing opportunities, this could be pursued by dismantling opportunity markets, by providing low-income parents with the means to participate in them, or by allocating educational opportunities via separate competitions among parents of similar means. The latter approach, which we focus upon here, would not require mobilizing support for a massive redistributive project.Link

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