Found 26 article(s) for author 'Raj Chetty'

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: ,

Consumption Commitments and Habit Formation

Consumption Commitments and Habit Formation, Raj Chetty, October 2014, Paper, “Many households have consumption commitments such as housing that are costly to adjust in response to fluctuations in income. Chetty and Szeidl (2007) document that more than 50% of the average U.S. household ís budget remains fixed when households face moderate income shocks such as unemployment. Olney (1999) gives historical evidence on the importance of households installment finance commitments during the Great Depression. Such consumption commitments can amplify the welfare costs of shocks…” Link

Tags: ,

Where is the Land of Opportunity: The Geography of Intergenerational Mobility in the United States

Where is the Land of Opportunity: The Geography of Intergenerational Mobility in the United States. Raj Chetty, Nathaniel Hendren, June 2014, Paper. “We use administrative records on the incomes of more than 40 million children and their parents to describe three features of intergenerational mobility in the United States. First, we characterize the joint distribution of parent and child income at the national level. The conditional expectation of child income given parent income is linear in percentile ranks…” Link Verified October 12, 2014

Tags: , , ,

Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States

Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States. Raj Chetty, Nathaniel Hendren, June 2014, Paper. “We use administrative records on the incomes of more than 40 million children and their parents to describe three features of intergenerational mobility in the United States. First, we characterize the joint distribution of parent and child income at the national level. The conditional expectation of child income given parent income is linear in percentile ranks. On average, a 10 percentile increase in parent income is associated with a 3.4 percentile increase in a child’s income. Second, intergenerational mobility varies substantially across areas within the U.S…” Link

Tags: , ,

Measuring the Impact of Teachers I: Evaluating Bias in Teacher Value-Added Estimates

Measuring the Impact of Teachers I: Evaluating Bias in Teacher Value-Added Estimates. Raj Chetty, John N. Friedman, 2014, Paper. “Are teachers’ impacts on students’ test scores (“value-added”) a good measure of their quality? One reason this question has sparked debate is disagreement about whether value-added (VA) measures provide unbiased estimates of teachers’ causal impacts on student achievement. We test for bias in VA using previously unobserved parent characteristics and a quasi-experimental design based on changes in teaching staff. Using school district and tax records for…” Link

Tags: , , ,