If you are born into a low-income family, what are your chances to rise economically regardless of your background? The ability to move up the income ladder matters for fighting poverty, reducing inequality, and even for boosting growth.
Join us on May 9th, as the World Bank unveils the full report – Fair Progress? Economic Mobility Across Generations Around the World. It covers a wealth of global data on intergenerational mobility, and proposes policy solutions for making more mobile societies by reducing inequality of opportunities and leveling the playing field between the haves and the have-nots.
Let’s continue the dialogue started on End Poverty Day last October, when the World Bank kicked off a global conversation on economic mobility across generations, previewing new evidence that the prospects of too many people are still too closely tied to their parents’ social status rather than their own potential. The preview paper found that increases in education from generation to generation have stalled over the last half-century.
Panelists will reflect on the report’s main findings, discuss implications for the World Bank Group’s work, and debate the local, national, and global actions required to help break the cycle of unequal opportunities, low mobility, and entrenched poverty.