The Myth of American Universities as Inequality-Fighters

Derek Thompson:

Kind of. In a fascinating new paper published this summer, five economists, Raj Chetty, John Friedman, Emmanuel Saez, Nicholas Turner, and Danny Yagan, call into question higher education’s role in promoting upward mobility. The centerpiece of the paper is “mobility report cards” for each college in America. The researchers considered 30 million students between 1999 and 2014 and compared their parents’ incomes to their own post-college earnings, by school. With this data, they could see exactly which colleges helped the most students rise from the bottom of the earnings ladder to the top.