Raj Chetty on Economic Mobility

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4.7 • 4.3K Ratings

🗓️ 22 August 2022

⏱️ 79 minutes

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Summary

Economist Raj Chetty of Harvard University talks about his work on economic mobility with EconTalk host Russ Roberts. The focus is on Chetty's recent co-authored study in Nature where he finds that poor people in America who are only connected to other poor people do dramatically worse financially than poor people who are connected to a wider array of economic classes. The discussion includes the policy implications of this result as well as a discussion of Chetty's earlier work on the American Dream and the challenge of Americans born in recent decades to do better financially than their parents.

Transcript

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0:00.0	Welcome to Econ Talk, Conversations for the Curious, part of the Library of Economics and Liberty.
0:07.8	I'm your host, Russ Roberts of Shalem College in Jerusalem and Stanford University's Hoover
0:12.7	Institution.
0:13.7	Go to econtalk.org where you can subscribe, comment on this episode and find links down
0:18.6	the information related to today's conversation.
0:21.4	You'll also find our archives, but every episode we've done going back to 2006.
0:26.8	Our email address is mail at econtalk.org.
0:30.3	We'd love to hear from you.
0:37.8	Today is August 8th, 2022, and my guest is economist Raj Chetty of Harvard University.
0:44.4	He is the director of Opportunity Insights, which uses big data to study the science of economic
0:49.7	opportunity at the youthful age of 33.
0:52.8	He was awarded the John Bates Clark Medal, which honors the best economists under the
0:56.1	age of 40.
0:57.1	It was for the best 39-year-old economist.
1:00.1	You beat that by a few years.
1:02.1	He has authored numerous influential works on inequality and economic mobility.
1:06.1	Today, we're going to focus on a set of recent papers with Johannes Stribal and Theresa
1:11.2	Cokler of NYU Matthew Jackson, Stanford, and the Santa Fe Institute published in Nature.
1:17.0	The title is Social Capital Measurement and Associations with the Economic Mobility
1:21.6	Parts 1 and 2.
1:23.1	Raj, welcome to econtalk.
1:25.1	Thanks for having me, Russ.
	...

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