How Transit Use Could Rise in Rural America


For rural Americans who don’t have access to cars, basics like grocery shopping and doctor’s appointments can turn into an arduous struggle. With few transit options at low densities, the expense and hassle of finding an alternative ride can mean important appointments simply get skipped.

That’s a problem. Rural communities increasingly reflect a group of people who don’t drive—they’re older, less mobile, and poorer. That’s the gist of a new report by the American Public Transit Association. While transit systems in large urban centers rightly draw most attention from advocates, ignoring the growing demand for service in far-flung towns risks […]

Ethnic Inequality in the Aloha State


Students of Kaleipuu Elementary in Waipahu welcome the U.S. Air Force Band of the Pacific. After decades of tracking socio-economic and educational statistics and trends, a UH Mānoa professor charges that people in Hawai‘i appear to be quite tolerant of ethnic inequality. Professor Jonathan Okamura says ethnic inequality here plays out in the same way racism does in other places. HPR’s Noe Tanigawa reports. Jonathan Okamura is a Professor of Ethnic Studies at UH Manoa. His current research on “Unequal Opportunity: Ethnic Inequality in Public Education in Hawaii” was published recently by the Hawaii State Teachers’ Association. Jonathan Okamura […]

Lecture discusses inequality and being poor in American


Ball State University’s Steven Horwitz discussed howless economic inequality exists than isperceived in his lecture titled “Inequality, Mobility, and Being Poor in America” on Monday in the Student Union Theater.

The lecture was part of the department of economics’ David S. Saurman Provocative Lecture Series.

“I really think he did a good job talking about income inequality,” economics freshmanDaniel Kokavinch said.Kokavinch added thatthe lecture provided a different opinion on the issue, which he found interesting.Horwitz spoke about how the gap between the rich and the pooris not as big asthe general public perceives.Duringthe lecture, hepresentedaslide showing the average household income in […]

Is parental satisfaction enough?


Editor’s note: This is an excerpt from “ Is School Choice Enough? ,” the lead article in the fall issue of National Affairs .

As with so many issues—from trade and immigration to Russia and taxes—the Trump presidency has exposed a schism within the conservative movement when it comes to education policy. While expanding parental choice is a paramount objective on the right, a key question is whether choice alone is enough, or if results-based accountability ought to be sustained and strengthened, too. How this question is resolved will have wide-ranging consequences—for education reform in general and for the […]

COMMENTARY: Finding common ground to rebuild prosperity

0

A puzzling phenomenon in American politics is when voters support candidates who have policies adverse to their economic interests.

For example, lower-income, rural voters consistently vote Republican despite the fact that, as documented by several studies, policies promoted and enacted by Republicans have primarily benefited the wealthy and led to historic increases in economic inequality.An early explanation was that these voters had been duped into voting against their economic interests by candidates who diverted their attention from economic issues to social and cultural ones. The simplicity of this narrative caused it to be readily accepted by the media and […]

William C Dudley: The monetary policy outlook and the importance of higher education for economic mobility

Home

Central bank hub

Central bankers’ speeches Remarks by Mr William C Dudley , President and Chief Executive Officer of the Federal Reserve Bank of New York, at the Council for Economic Education’s 56th Annual Financial Literacy & Economic Education Conference, New York City, 6 October 2017. Good afternoon. It is a pleasure to have the opportunity to speak at this Council for Economic Education (CEE) event, marking the CEE’s 56th Annual Financial Literacy and Economic Education Conference. Given the hard lessons of the financial crisis-and the economic challenges still facing many Americans-there are few […]

India needs to create greater economic opportunities for all

By Maitreesh Ghatak

Thomas Piketty’s 2014 book, Capital in the 21st Century, which documents the rise of sharp income inequality in the developed world since the 1970s, became an unlikely bestseller for an academic book dense with facts and figures. In a recent article with Lucas Chantel, Piketty has turned his gaze on India (‘Indian Income Inequality, 1922-2014: From British Raj to Billionaire Raj?’, goo.gl/gbPEde).

Combining income-tax data with household surveys and national accounts, Piketty and Chantel track income inequality from 1922, when the income tax was introduced by the British colonial government, to 2014.Leaving aside measurement issues, their key […]

Poverty status

POVERTY rates in Fiji are one of the lowest in the Pacific, says the World Bank in its October 2017 edition of the East Asia and Pacific Economic Update.

According to the report released last week, 14.2 per cent of Fiji’s population lived in poverty in 2013/2014 based on the lower middle-income class poverty line (US$3.2/day ($F6.57) in 2011PPP).

Based on the international poverty line (US$1.9/day ($F3.90)in 2011PPP), less than two per cent of the population lived in extreme poverty in 2013/2014.The report stated that these rates were among the lowest rates in the Pacific and were also similar to those […]

Americans Can No Longer Expect Their Children To Do Better


Millennials will be the first generation of Americans since the 1940s to have less than a 50 percent chance of out-earning their parents. According to a new study based on decades of U.S. census and tax data, there has been a precipitous decline in generational earning ability since the Boomers were born with a 90 percent shot of climbing the economic ladder. This data, culled and parsed by Harvard and Stanford University researchers, suggests not only that the American reality has left behind the American Dream , but that the idea of generational progress may become damaging.

The story of […]

Is the American Dream Really Dead?


If the new generation can’t do better than their parents, is the American Dream dead? (Photo: Beth Rankin )

Our latest Freakonomics Radio episode is called “Is the American Dream Really Dead?” (You can subscribe to the podcast at iTunes or elsewhere , get the RSS feed , or listen via the media player above.)

Just a few decades ago, more than 90 percent of 30-year-olds earned more than their parents had earned at the same age. Now it’s only about 50 percent. What happened — and what can be done about it? Below is a transcript […]