Land of opportunity? Economic mobility in the United States. 2012 annual report of the Federal Reserve Bank of Richmond

Kartik Athreya and Jessica Sackett Romero

Annual Report, 2012, 4-23

Abstract: Economics writer Jessie Romero and group vice president Kartik Athreya interpret data that suggest economic mobility has decreased in recent years. Many factors contribute to mobility, but for most people advancement depends on opportunities to obtain human capital ? opportunities that are not as good for children in poor families. Initiatives that focus on early childhood education seem to yield high returns on investment. Their feasibility on a large scale is unknown, but they may have the potential to help the United States achieve a more inclusive prosperity.

Keywords: Income distribution; Education; Income (search for similar items in EconPapers)
Date: 2012
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