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Social Capital Defined As Social Wealth
- Social capital is social wealth measured by how well connected you are in a network.
- Matthew Jackson contrasts it with financial capital (wealth) and human capital (skills) to frame its role in economic outcomes.
What Economic Mobility Actually Measures
- Economic mobility measures where a child from the bottom quarter ends up as an adult relative to their parents' position.
- Jackson explains perfect mobility means parental roots don't determine adult outcomes; immobility means inheritance of status.
Interdisciplinary Team Built The Study
- The research team combined Raj Chetty's mobility data, Jackson's network expertise, and Facebook-based network measures from former Stanford students.
- That interdisciplinary mix enabled mapping social capital types against mobility across large-scale data.