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Economic Connectedness and Social Capital for Upward Mobility
The chapter explores the relationship between economic connectedness, social capital, and upward mobility through an analysis of Facebook data in the US and the UK. It shows that areas with higher economic connectedness tend to have greater economic mobility, emphasizing the importance of cross-class interaction in achieving economic advancement. The discussion also delves into the impact of neighborhood segregation, friending bias, and school size on economic mobility, concluding with proposed interventions to increase upward mobility.