The Challenges of Segregation

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Once it gets intrenched, it's very hard to get people to move. It's a once we've gotn that level of segregation, it's often ing to be a lot trickier to break it down than simply giving people lower prices for their homes. So the idea of a counsillor or amentor, which is, of course, part of what a wider range of social interactions often gives you. And i also want to come back to the question you raised earlier on the fading american dream. I'd like to comment on that. But o, before i do that, let me just pick up on what you said on on, i think, the challenges

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.