According to the Economics in Practice, children often “inherit” their parent’s socioeconomic status. What are some ways that governments try to raise intergenerational income mobility? What are some...

According to the Economics in Practice, children often “inherit” their parent’s socioeconomic status. What are some ways that governments try to raise intergenerational income mobility? What are some of the costs and benefits involved with these attempts? Explain whether you believe these attempts to raise mobility have been successful, and if you think that governments should involve themselves in raising mobility.

Explain how a state government transfer program such as unemployment compensation may actually result in a higher unemployment rate than would occur if the program did not exist.