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Tuesday, October 20, 2015

Economist Raj Chetty’s Proposals on Inequality Draw Interest on Both Sides of the Political Aisle - WSJ

Economist Raj Chetty’s Proposals on Inequality Draw Interest on Both Sides of the Political Aisle - WSJ:

Economist Raj Chetty’s Proposals on Inequality Draw Interest on Both Sides of the Political Aisle




Harvard economist Raj Chetty believes bad neighborhoods and bad teachers rob poor children of the chance to climb into the middle class.
Harvard economist Raj Chetty believes bad neighborhoods and bad teachers rob poor children of the chance to climb into the middle class. PHOTO: BOB DAVIS/THE WALL STREET JOURNAL

CAMBRIDGE, Mass.—In a presidential campaign where candidates from both parties are blaming globalization for a shrinking middle class, a 36-year-old India-born economist has a different explanation: Bad neighborhoods and bad teachers rob poor children of the chance to climb into the middle class.
His solution? Help the children and their families move to better neighborhoods.
What makes Harvard University’s Raj Chetty notable isn’t just his views, but his reach. He has advised Republican and Democrats alike, including former Florida Gov. Jeb Bush,former Secretary of State Hillary Clinton and the Obama White House. In a political year marked by anger and strong partisanship, his research could help smooth some of the hard edges of the income-inequality debate running through the 2016 presidential campaign.
His research finds that upward mobility depends on government policies, a position common among Democrats, as well as on neighborhood churches and two-parent families, as Republicans contend.
“Chetty’s work challenges preconceived notions on both sides” of the political divide, says Avik Roy, a senior fellow at the conservative Manhattan Institute who advises Republican campaigns.
Policy advisers say they expect to roll out proposals bearing his imprint as the campaign unfolds. Mrs. Clinton is examining his research into housing vouchers as she crafts domestic policies. Mr. Bush is figuring out how to strengthen neighborhoods as a way to boost mobility. The White House has drawn on his work in setting housing policy.
That makes Mr. Chetty one of the few people affecting both sides in the presidential debate. He brings to the task formidable credentials: Harvard PhD at age 23; university tenure at 27; and a MacArthur “genius grant” at 33, the same age he won the John Bates Clark medal for best American economist under the age of 40. He says he was drawn to Economist Raj Chetty’s Proposals on Inequality Draw Interest on Both Sides of the Political Aisle - WSJ: