The Solution of Poverty Is Luggage

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Some people either can't or don't want to go out of town. They want to maintain the closeness to their a ma mcartle and i talked about this in a recent episode. Whereas there other people who are just going to go out and find the best opportunity. And that's kind of, that's part of what you're measuring. It reminds me of the person grows up in a very intellectually impoverished environment. What is it making some communities offer better opportunities than others? Can we learn something from that? So we're hoping this is a step in and figuring that.

Economist Raj Chetty of Harvard University talks about his work on economic mobility with EconTalk host Russ Roberts. The focus is on Chetty's recent co-authored study in Nature where he finds that poor people in America who are only connected to other poor people do dramatically worse financially than poor people who are connected to a wider array of economic classes. The discussion includes the policy implications of this result as well as a discussion of Chetty's earlier work on the American Dream and the challenge of Americans born in recent decades to do better financially than their parents.