Un Bang (C) and Sung Bang (2nd R) spend time with their sons Shane (2nd L), 21, and Simon (R), 18, and Shane's girlfriend Sarah Park (L), 20, at their home in Federal Way, Washington August 8, 2015. With his parents out of work and an office job paying his bills, college junior Shane Bang remembers the anxiety he felt when his younger brother told his family he was headed to University of Washington in the fall. Then they got an unexpected lifeline. A law that took effect last month slashed tuition at public colleges and universities over the next two academic years as much as 20 percent for all Washington students, rich and poor alike. Picture taken August 8. To match Feature USA-EDUCATION/WASHINGTON REUTERS/Jason Redmond
Social mobility: low, and lower at the top than the bottom
August 18, 2015,
Nathan Joo and Richard Reeves summarize new findings from work by Stanford's Pablo Mitnik and David Grusky on the impact of parental income on their child's future income.