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Poor places. Rich places. Can geography explain it all?

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“Tell me where you live, and I can predict how well you’ll do in life.”
 
Does welfare vary largely across space?
 
Although I don’t have a crystal ball, I do know for a fact that location is an excellent predictor of one’s welfare. Indeed, a child born in Togo today is expected to live nearly 20 years less than a child born in the United States. Moreover, this child will earn a tiny fraction—less than 3%—of what his or her American counterpart will earn.