The fading American dream: Trends in absolute income mobility since 1940-Reference-Cited by-同舟云学术

The fading American dream: Trends in absolute income mobility since 1940

Published:2017-04-28 Issue:6336 Volume:356 Page:398-406
ISSN:0036-8075
Container-title:Science
language:en
Short-container-title:Science

Author:

Chetty Raj¹^ORCID,Grusky David²^ORCID,Hell Maximilian²^ORCID,Hendren Nathaniel³^ORCID,Manduca Robert⁴^ORCID,Narang Jimmy⁵^ORCID

Affiliation:

1. Department of Economics, Stanford University, Stanford, CA, USA.

2. Department of Sociology, Stanford University, Stanford, CA, USA.

3. Department of Economics, Harvard University, Cambridge, MA, USA.

4. Department of Sociology, Harvard University, Cambridge, MA, USA.

5. Department of Economics, University of California, Berkeley, CA, USA.

Abstract

Aspiring to do better than one's parents The American dream promises that hard work and opportunity will lead to a better life. Although the specifics of what constitutes a better life vary from generation to generation, one constant is that children expect to do better—or at least to have a good chance at doing better—than their parents. Chetty et al. show that this dream did come true for children born in the middle of the 20th century, but only for half of children born in 1984 (see the Policy Forum by Katz and Krueger). A more even distribution of economic growth, rather than more growth, would allow more children to fulfill their dreams. Science , this issue p. 398 ; see also p. 382

Funder

Bill and Melinda Gates Foundation

Robert Wood Johnson Foundation

Stanford University

Harvard University

Publisher

American Association for the Advancement of Science (AAAS)

Subject

Multidisciplinary

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5. I. V. Sawhill J. B. Isaacs R. Haskins Getting Ahead or Losing Ground: Economic Mobility in America (Brookings Institution 2008); www.brookings.edu/research/getting-ahead-or-losing-ground-economic-mobility-in-america/.

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