Earlier this week, Raj Chetty, @stroebel_econ & co-authors released a pair of papers looking at social capital and economic #mobility. Turns out itโs not just what you know, but *who* you know that matters for getting aheadโฆ ๐งต 1/
Next, we need to be careful that the policy solution doesnโt turn into reductive charity, with things like programs where high SES folks send their kids to โeconomically inclusive campsโ for a few weeks in the summer. Thereโs much deeper work to be done. /13
Finally, while more meaningfully integrative institutions are important, they do not negate efforts to directly strengthen financial well-being for lower-income folks. We need more supportive institutions and more wealth. It's both/and. /end