Chetty2022 - Social capital I, measurement and associations with economic mobility
- Date read: 2022-08-17
- Subject: Economic mobility, social capital
- Bibtex: @chetty2022
- Bibliography: Chetty, R., Jackson, M. O., Kuchler, T., Stroebel, J., Hendren, N., Fluegge, R. B., Gong, S., Gonzalez, F., Grondin, A., Jacob, M., Johnston, D., Koenen, M., Laguna-Muggenburg, E., Mudekereza, F., Rutter, T., Thor, N., Townsend, W., Zhang, R., Bailey, M., … Wernerfelt, N. (2022). Social capital I: Measurement and associations with economic mobility. Nature, 608(7921), 108–121. https://doi.org/10.1038/s41586-022-04996-4
- Having more friends with high socioeconomic status is a strong indicator of upward economic mobility. Economic connectedness.
- Income increase of 20% for children with low SES that move into counties with high economic connectedness.
The share of high-SES friends among individuals with low SES—which we term economic connectedness—is among the strongest predictors of upward income mobility identified to date