Land of Opportunity? Economic Mobility in the United States

Kartik Athreya and Jessica Sackett Romero

Richmond Fed Economic Brief, 2013, issue July

Abstract: Income inequality has increased in recent years, while economic mobility has decreased. 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 and potentially could help the United States achieve a more inclusive prosperity.

Keywords: wages; inequality (search for similar items in EconPapers)
Date: 2013
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Journal Article: Land of Opportunity: Economic Mobility in the United States (2015)
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