Raj Chetty + David Williams: The American Dream by the Numbers
CONOMIC DISPARITIES BETWEEN RACIAL GROUPS HAVE persisted for centuries in America. To understand the drivers of these disparities, we analyzed new data on 20 million children to examine how economic outcomes change across generations: not just where people are today, but where their children will likely end up. We find that race matters—even among families in the same socioeconomic class. For example, black children born to low-income parents have just
