Reflections: Place Matters
Abstract: Today, I would like to share some reflections on place and why it matters when working toward expanding economic opportunity and inclusion. A body of research has shown that economic opportunity is tied not only to individual circumstances but also to place. Upward mobility – the probability that a child will be better off economically than his or her parents – is dependent not only on the family’s characteristics but also on neighborhood characteristics such as neighborhood income, the quality of schools, access to social services, and racial integration.
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Reflections by Loretta Mester
Publication Date: 2021-08-31