11/06/2009 - A group of scholars spanning the political spectrum is offering a menu of policies aimed at promoting upward mobility in America, particularly for those at the bottom of the income ladder, and for a change in the way the federal government spends money.
“There is no ‘silver bullet’ to improve economic mobility in American,” the principals of the Economic Mobility Project said. But they offered what they called “a road map” of ways to foster more upward mobility, emphasizing policies that they say are backed by strong research or hold significant promise.
The list ranges from changing the rules for public assistance to stepping up efforts to get college students to finish degrees to promoting more savings throughout life. The group called for a shift in federal spending and tax breaks – for saving and home ownership, for instance – to target those individuals and families who face the most difficulty climbing the economic latter. And it recommends a change in social welfare programs to those that provide incentives for improved mobility and saving.
Read the full article Scholars Offer ‘Road Map’ for Upward Mobility on the Wall Street Journal's Real Time Economics blog.