Tag Archives: education

The Difficult Art Of Being A Feminist In An Economics Classroom

economics

As an Economics major, I have gotten dangerously accustomed to hearing phrases like:

“Government intervention will hinder technological progress; the reallocation of resources from the more productive to the less productive impedes total productive activity.”

“We need to stop protecting people, we need to protect jobs instead” In themselves, the two statements above make for good arguments. If more resources are provided to the less productive, the economy will undergo a decline in productivity which means a decline in economic growth, which sounds bad, right?If workers keep agitating by demanding reasonable wages and the right to work with […]

New Study: Education Is Important, But It Is Not the Key to Economic and Social Mobility

Rachel M. Cohen writes in The Atlantic about a new study by Jesse Rothstein, showing that education is important but it is not the key to economic and social mobility.

She writes:

“A new working paper authored by the UC Berkeley economist Jesse Rothstein builds on that research, in part by zeroing in on one of those five factors: schools. The idea that school quality would be an important element for intergenerational mobility—essentially a child’s likelihood that they will one day outearn their parents—seems intuitive: Leaders regularly stress that the best way to rise up the income ladder is to go […]

Education Isn’t the Key to a Good Income

A man climbs a ladder.

One of the most commonly taught stories American schoolchildren learn is that of Ragged Dick, Horatio Alger’s 19th-century tale of a poor, ambitious teenaged boy in New York City who works hard and eventually secures himself a respectable, middle-class life. This “rags to riches” tale embodies one of America’s most sacred narratives: that no matter who you are, what your parents do, or where you grow up, with enough education and hard work, you too can rise the economic ladder.

A body of research has since emerged to challenge this national story, casting the United States not as a meritocracy […]

How Inequality Became the Big Issue Troubling the World’s Top Economists


After a riveting keynote speech from Neil McInroy at this year’s Global Street Paper Summit, it is clear that social inequality is becoming a greater focus for economists. In a recent feature for The Conversation, Steve Schifferes, professor of financial journalism at the University of London, takes a deeper look at why social issues are increasingly being viewed as an economic problem.

Every three years, all Nobel Prize winners in economics are invited to gather in the tranquil setting of the German island of Lindau to meet a selection of bright young economists and discuss the state of their […]

Better education doesn’t correlate strongly to economic mobility (but union membership does)


America’s great stagnation includes a hardening of class divisions, with fewer and fewer poor and working class people raising children who rise to the middle class or even the one percent — a fact that strikes at the heart of the cherished American notion of rags-to-riches meritocracy where you rise to prominence on the basis of your contributions to society, not the accident of your birth.

The establishment consensus is that can be solved with improved access to high-quality education — something that is a good in and of itself, regardless of its effect on class mobility — but the […]

Better education doesn’t correlate strongly to economic mobility (but union membership does)

Better education doesn’t correlate strongly to economic mobility (but union membership does)

America’s great stagnation includes a hardening of class divisions, with fewer and fewer poor and working class people raising children who rise to the middle class or even the one percent — a fact that strikes at the heart of the cherished American notion of rags-to-riches meritocracy where you rise to prominence on the basis of your contributions to society, not the accident of your birth.

The establishment consensus is that can be solved with improved access to high-quality education — something that is a good in and of itself, regardless of its effect on class mobility — but the […]

I’m a millionaire. I don’t need another tax break, Mr Trump


At a time of staggering inequality, I can’t believe that Congress and the Trump administration want to give me another tax break.

On Wednesday, the Republican party unveiled their tax reform plan , which included the elimination of the federal estate tax. But as one of a small segment of people in the top 1% with enough wealth to someday pay the estate tax, I believe a tax on inherited wealth is completely reasonable and fair.

I grew up in Alabama, one of the poorest states in the country, in a wealthy family. We benefited from financial deregulation during the Reagan […]

Socioeconomic mobility in the United States


Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to socioeconomic mobility, and the advertisement appealed to Americans’ belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution .

Socioeconomic mobility in the United States refers to the upward or downward movement of Americans from one social class or economic level to another, [1] through job changes, inheritance, marriage, connections, tax changes, innovation, illegal activities, hard work, lobbying, luck, health […]

It’s the German Economy Stupid! Economic Inequality not immigration explains the rise of the far right in Germany

Alice Weidel and Alexander Gauland, co-leaders of Alternative for Germany, celebrate

Alice Weidel and Alexander Gauland, co-leaders of Alternative for Germany, celebrate their victory The surprise showing of the far-right nationalist party, Alternativ fuer Deutschland (AfD) in Sunday’s German election has struck fear in the hearts of many analysts. Is Germany’s liberal democracy and society simply a thin veneer covering the monster of virulent nationalism that has long been crouching in the dark, waiting for its chance to attack? Are AfD voters really Nazis in disguise who have finally found a way to gain respectability by riding the wave of far right, populist, nationalist , and Trumpian alt-right sentiment which […]

Growth that reaches everyone: facts, factors, tools

Growth that reaches everyone: facts, factors, tools

Economic growth provides the basis for overcoming poverty and lifting living standards. But for growth to be sustained and inclusive, its benefits must reach all people.

While strong economic growth is necessary for economic development, it is not always sufficient.

Over the past few decades, growth has raised living standards and provided job opportunities, lifting millions out of extreme poverty. But, we have also seen a flip side. Inequality has risen in several advanced economies and remains stubbornly high in many that are still developing. This worries policymakers everywhere for good reason. Research at the IMF and elsewhere makes it clear […]