Raj Chetty and Economic Mobility
Raj Chetty is an unsung hero. When it comes to the area of social capital, his exhaustive and trailblazing research is unmatched. My first article for National Review, Conservatives for Community , written in August of 2022, was inspired by Chetty's study on social capital and economic mobility in Nature. To quote myself: The study, which breaks down social capital into three categories — economic connectedness, social cohesion, and civic engagement — found that children have a much greater chance of being upwardly mobile if they reside in communities with high levels of “economic connectedness.” Economic connectedness (EC) refers to the integration of people from different economic backgrounds. The study concludes that levels of EC vary depending on one’s geographical residence. Impoverished inner-city areas, for example, have remarkably low levels of EC, since most residents occupy the same socioeconomic stratum. Conversely, an area with a healthy combination...