Albertus, James F.; Smolyansky, Michael - 2019
We find that firms located in areas with higher intergenerational mobility are more profitable. Building off the work … of Chetty and Hendren (2018a and 2018b)—who provide measures of intergenerational mobility for all commuting zones … intergenerational mobility influencing human capital formation. Areas with higher mobility do a better job in unlocking their residents …