The past really sticks.
Even after 4 generations, your great-grandfather’s economic status still largely shapes your own.
👉 33% persistence across time for whites
👉 But racial inequality is the key driver
The American Dream? More inherited than we thought.
www.nber.org/papers/w33923
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
