RAJ CHETTY: That's exactly

Peter Schwartz — Mon, 17 Mar 2014 01:14:53 +0000

In reply to Some months ago, there was a

RAJ CHETTY: That's exactly right, Jeff.

So, the way to think about that is because the rungs of the ladder are further apart, to go back to the analogy I was just using, who your parents are, if you happen to be by chance born to parents at the bottom of that ladder vs. the top of the ladder, that is more consequential today than it was in the past, precisely because the ladder is now expanded.

So if you are born to parents who happen to be at the 20th percentile, instead of the 80th percentile, that is a much bigger gap today than it was 30 or 40 years ago. And so the consequences of the fact that we have relatively low levels of mobility in the U.S. are much more serious today than they were in the past. And so we should be more concerned about the fact that mobility is quite low today.http://www.netnebraska.org/node/896159

Some months ago, there was a

Peter Schwartz — Mon, 17 Mar 2014 01:09:23 +0000

In reply to Is Success Inherited or Learned?

Some months ago, there was a lot of buzz--mostly on the right, I think--about studies showing that the ease or rate of upward mobility hadn't changed as was commonly said by folks on the left. It was something like that.

The problem with these conclusions--again fuzzy and from memory--was that, even if true, the starting differential between the super wealthy and everyone else was much greater. You could still climb the ladder, but it was much higher than before.

Probably have a bunch of this wrong, but it was something like this.

dagblog - Comments for "Is Success Inherited or Learned?"

RAJ CHETTY: That's exactly

Some months ago, there was a