Land of Opportunity: Economic Mobility in the United States

23 Pages Posted: 31 Mar 2016

See all articles by Kartik Athreya

Kartik Athreya

Federal Reserve Banks - Federal Reserve Bank of Richmond

Jessica Romero

Federal Reserve Banks - Federal Reserve Bank of Richmond

Date Written: 2015

Abstract

Authors Jessie Romero and 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: economic, mobility

Suggested Citation

Athreya, Kartik and Romero, Jessica, Land of Opportunity: Economic Mobility in the United States (2015). Economic Quarterly, Issue 2Q, pp. 169-191, 2015, Available at SSRN: https://ssrn.com/abstract=2756950 or http://dx.doi.org/10.21144/eq1010205

Kartik Athreya (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

Jessica Romero

Federal Reserve Banks - Federal Reserve Bank of Richmond

P.O. Box 27622
Richmond, VA 23261
United States

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