Raj Chetty Believes His New Harvard Institute Will Re-Energize the American Dream
Raj Chetty, the superstar, big-data economist, has returned to Harvard from Stanford to establish his own Opportunity Insights research and policy institute, a project seeded with funding from the Bill & Melinda Gates Foundation and the Chan-Zuckerberg Initiative. Chetty’s research has created an Opportunity Atlas, which maps neighborhoods of opportunity and other neighborhoods where children are unable to move up the economic ladder.
In an objective and suitably skeptical profile for The Atlantic, Gareth Cook explores the goal of Chetty’s project: “Dozens of the nation’s elite colleges have more children of the 1 percent than from families in the bottom 60 percent of family income. A black boy born to a wealthy family is more than twice as likely to end up poor as a white boy from a wealthy family. Chetty has established Big Data as a moral force in the American debate. Now he wants to do more than change our understanding of America—he wants to change America itself. His new Harvard-based institute, called Opportunity Insights, is explicitly aimed at applying his findings in cities around the country and demonstrating that social scientists, despite a discouraging track record, are able to fix the problems they articulate in journals.”
How does Chetty envision his project will work? “The Opportunity Atlas has a fractal quality. Some regions of the United States look better than high-mobility countries such as Denmark, while others look more like a developing country. The Great Plains unfurl as a sea of blue, and then the eye is caught by an island of red—a mark of the miseries inflicted on the Oglala Lakota by European settlers. The stark differences recapitulate themselves on smaller and smaller scales as you zoom in. It’s common to see opposite extremes of opportunity within easy walking distance of each other, even in two neighborhoods that long-term residents would consider quite similar. To find a cure for what ails America, Chetty will need to CONTINUE READING: Raj Chetty Believes His New Harvard Institute Will Re-Energize the American Dream | janresseger