Question
Hi Tutor, I have one question to solve. Please kindly take a look. Thank you. How does increasing equality of opportunity affect economic growth? Does
Hi Tutor, I have one question to solve. Please kindly take a look. Thank you.
How does increasing equality of opportunity affect economic growth? Does more equality of opportunity reduce or increase economic growth? It is challenging to look at that link directly. Instead, we can focus on one channel that many economists think is the key driver of growth: innovation (technological progress).
So, does more equality of opportunity reduce or increase innovation? Explain. [Hint: Recall Professor Raj Chetty's (Harvard University) lecture on upward mobility, innovation, and economic growth.
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