"Economic Despair" tied to poor student performance in high inequality states

A study from March 2016 describes one of the rotten effects of inequality: "Economic Despair." People give if they don't think their efforts will be rewarded. The study finds that low-income boys in high inequality states drop-out a higher rates than low income boys in low inequality states. Regardless of school performance.

The authors attribute this to student believing: "they cannot climb the economic ladder," so they give up and drop out of high-school. They call this effect "economic despair."

The study from the Brookings Institute, is called: "Income Inequality, Social Mobility, and the Decision to Drop Out Of High School."