Some of the major challenges in teaching about economic inequality and mobility are a) understanding the differences between income and wealth, as well as other types of economic resources; b) encouraging students to be empathetic to those who have a different economic standing than their own; c) the connections between income and wealth in producing economic mobility; and d) understanding how the income and wealth distributions across different countries shape opportunity for mobility in a comparative context. The purpose of this tool is to help students begin to understand:
- The primary differences in income and wealth, and how they relate to economic mobility;
- How your place in the economic system can affect opportunities for economic mobility;
- How variation in the income and wealth distributions of different countries can affect opportunities for economic mobility.
This tool was contributed by Allen Hyde.