Raj Chetty's Surprising New Insights On How Children Succeed

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Is race a more consequential determinant of social mobility than class? How and under what circumstances do Americans move up the economic ladder? For years, Harvard economist Raj Chetty has leveraged big data to answer these questions. In his recent paper, Chetty and his team show that Black millennials born to low-income parents have more quickly risen up the economic ladder than previous Black generations, whereas their white counterparts have fared worse than previous low-income white generations. That said, Chetty finds little movement in or out of the top income brackets and that the income gap between Black and white Americans remains large. Chetty joins Bethany and Luigi to discuss…