Improving equality of opportunity in America: new insights from big data
13 December 2021, 6:00 pm–7:30 pm
Hear Professor Raj Chetty talk about the work of Opportunity Insights, the research centre he leads at Harvard University to further social mobility in the US.
Children’s chances of earning more than their parents have fallen from 90% to 50% over the past half-century in America. How can we restore the American Dream of upward mobility for our children?
In this online talk, Raj Chetty will discuss recent work that he and his colleagues at Opportunity Insights have done to study this question.
Among other topics, the talk will show how children’s chances of climbing the income ladder vary across neighbourhoods, analyse the sources of racial disparities in intergenerational mobility, and discuss the role of higher education in creating greater income mobility.
The talk will conclude by discussing how local policymakers can harness big data to increase opportunity in their own communities and institutions.
In addition to the opportunity to put your questions to Professor Chetty, there will be responses to his lecture from:
- Sir Richard Blundell, (UCL Department of Economics, and ESRC Centre for the Microeconomic Analysis of Public Policy, Institute for Fiscal Studies.
- Professor Lindsey Macmillan (Centre for Education Policy and Equalising Opportunities, UCL Institute of Education).
This event will be particularly useful for those interested in social mobility and inequalities. It is held in collaboration with the UCL Department of Economics.
Image: Frank McKenna via Unsplash.
About the Speakers
Professor Raj Chetty
William A. Ackman Professor of Public Economics at Harvard University, and Director of Opportunity Insights
Chetty earned his AB summa cum laude from Harvard College in 2000 and his PhD from Harvard University in 2003. At the age of 23, Chetty became a professor at the University of California at Berkeley until 2009, when he returned to Harvard as one of the youngest tenured professors in Harvard’s history. Chetty was a faculty member at Stanford from 2015 to 2018. In summer 2018, he returned to Harvard where he rejoined the Economics Department and launched Opportunity Insights
Chetty has received numerous awards for his research, including a MacArthur "Genius" Fellowship and the John Bates Clark medal, given to the economist under 40 whose work is judged to have made the most significant contribution to the field. He has also received the Sherwin Rosen Prize of the Society of Labor Economists and Calvó-Armengol International Prize in Economics. He was elected as a fellow to the American Academy of Arts and Sciences in 2014 and as a member to the National Academy of Sciences in 2018.
Professor Sir Richard Blundell
Ricardo Chair of Political Economy at UCL Department of Economics
Richard Blundell CBE FBA has published widely on microeconometrics, consumer behaviour, savings, labour supply, taxation, public finance, innovation and inequality, and is currently editor and panel member of the IFS-Deaton Review: Inequality in the 21st Century.
A reflection of his highly esteemed and awarded career, he received a Knighthood in the 2014 New Year Honours list for his services to Economics and Social Science. He is Director of the ESRC Centre for the Microeconomic Analysis of Public Policy at the Institute for Fiscal Studies.More about Professor Sir Richard Blundell
Professor Lindsey Macmillan
Professor of Economics and Director of the Centre for Education Policy and Equalising Opportunities at UCL Institute of Education
Lindsey Macmillan's research considers the role of early skills, education and labour market experience in the transmission of incomes and work across generations. Her publications cover intergenerational mobility, educational inequalities and the role of family background in access to jobs.
In 2020 she co-authored The long shadow of deprivation: Differences in opportunities across England, which drew on pioneering work by Raj Chetty and colleagues from the US-based on within-country comparisons of social mobility, applying that to England to reveal a ‘postcode lottery’ of social mobility. She is a Research Fellow at the Institute for Fiscal Studies.More about Professor Lindsey Macmillan