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Symposium 2015

Virtual Library File - The Parenting Gap

The Challenge

For a generation after World War II, growth rates in much of the developed capitalist world were high and income inequality was by historical standards relatively reduced. More recently, however, ineq ...

For a generation after World War II, growth rates in much of the developed capitalist world were high and income inequality was by historical standards relatively reduced. More recently, however, inequality appears to have risen sharply, with especially marked increases near the top of the income distribution. Wealth has been less studied, but appears even more concentrated in many countries.

The article argues that the parenting gap is a big factor in the opportunity gap, i.e., the chances of upward social mobility are lower for children with weaker parents. Consequently, policies that help weaker parents do a better job can be investments in opportunity, and equality.