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We find that firms located in areas with higher intergenerational mobility are more profitable. Building off the work of Chetty and Hendren (2018a and 2018b)—who provide measures of intergenerational mobility for all commuting zones (essentially, metropolitan areas) within the U.S.—we are...
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The distribution of economic education among US college graduates is quite unequal: female and underrepresented … universities, among others. Second, we establish a definition of full inclusion in economic education on college and university … the need to improve the distribution of economic education is urgent, including the imperative to support economic …
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If someone lives in an economically depressed place, they were probably born there. The presence of people with local ties – a preference to live in their birthplace – leads to smaller migration responses. Smaller migration responses to wage declines lead to lower real incomes and make real...
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