If you are born into a low-income family, what are the chances that you will rise higher regardless of your background? Economic mobility across generations, or the ability to move up the economic ladder with respect to one’s parents, matters for fighting poverty, reducing inequality, and even for boosting economic growth. With too many people still closely tied to their parents’ social status rather than their own potential, promoting mobility can also foster social cohesion and stability.
This InfoPoint event will discuss the findings of the World Bank’s recent global report “Fair Progress? Economic Mobility Across Generations Around the World”. The report compiles a wealth of data spanning the last 50 years to draw a global picture and highlight pathways to a more mobile society. The presentation will be followed by an open discussion on the report’s findings and relevant implications for policy.