What Gives Poor Kids a Shot at Better Lives? Economists Find an Unexpected Answer

Justin Lahart:

For all our divisions, Americans have been united by a singular obsession: How can we have a better life? Economists call this economic mobility—the ability to move up the income ladder and make it to a higher rung than your parents.

Harvard University economist Raj Chetty has spent more than a decade working to understand what makes mobility possible, and why in some places the children of poor parents have been more able to move up than in others.