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How does a poor kid get ahead? Part 1
Simplifying Complexity
Financial v.s. Human v.s. Social Capital
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- Social capital is an important concept that refers to a person's social wealth and connections.
- Financial capital is related to wealth and possessions, while human capital is about skills and abilities.
- The meaning of social capital varies among different people.
- The study aims to identify which type of social capital is crucial for determining economic outcomes.
- Understanding the role of social connections in predicting future economic success is important.
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