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Latest Inequality & Social Policy In the News

A Better Theory to Explain Financial Bubbles

A Better Theory to Explain Financial Bubbles

December 8, 2016

Bloomberg View | Discusses recent paper by Edward L. Glaeser and Charles G. Nathanson, "An Extrapolative Model of House-Price Dynamics," forthcoming in the Journal of Financial Economics. Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard. Nathanson is Assistant Professor of Finance at the Kellogg School of Management.
​​​​​​​View the research... Read more about A Better Theory to Explain Financial Bubbles

The American Dream, Quantified at Last

The American Dream, Quantified at Last

December 8, 2016

The New York Times | Nathaniel Hendren, Assistant Professor of Economics, and Robert Manduca, Ph.D. student in Sociology & Social Policy, are among a team of researchers from Stanford, Harvard, and Berkeley who have released an important new study of economic mobility in the U.S., which finds that only half of Americans in their thirties earn more than their parents did at the same age. A few decades ago, nearly all did.

The team was led by economist Raj Chetty of Stanford and Nathaniel Hendren of Harvard, principal investigators for the Equality of Opportunity project, in collaboration with sociologist David Grusky of Stanford. The study incorporates results from an independent working paper by Inequality & Social Policy doctoral fellow Robert Manduca titled “Opportunity No More: Declining Absolute Mobility in the United States, 1940-2010.”
View the new study (PDF)
Learn more: Equality of Opportunity project

Inequality Is Killing The American Dream

Inequality Is Killing The American Dream

December 8, 2016

FiveThirtyEight | Explores the role of inequality in a new study of economic mobility by Raj Chetty, David Grusky, Maximilian Hell, Nathaniel Hendren (Assistant Professor of Economics, Harvard), Robert Manduca (Ph.D. student in Sociology & Social Policy, Harvard), and Jimmy Narang.

"But inequality was a much bigger driver [than economic growth]. The researchers analyzed a scenario in which growth followed its real-world path, but that growth was distributed more equally. In that scenario, the rate of mobility would rise to 80 percent, wiping out more than two-thirds of the 40-year decline.

Ultimately, Hendren said, restoring mobility will require both. 'You need growth, and you need it to be broad-based,' Hendren said."

American Dream collapsing for young adults, study says, as odds plunge that children will earn more than their parents

American Dream collapsing for young adults, study says, as odds plunge that children will earn more than their parents

December 8, 2016

Washington Post | Coverage of new study by Raj Chetty, David Grusky, Maximilian Hell, Nathaniel Hendren (Assistant Professor of Economics, Harvard), Robert Manduca (Ph.D. student in Sociology & Social Policy, Harvard), and Jimmy Narang.

"Previously, Chetty's team studied a different measure of mobility: the ability of children to move up or down America's income ladder as they grow up, when compared to other Americans. The new research attempts, for the first time, to quantify so-called "absolute mobility," which people often associate with the American Dream: the odds of a child earning more as an adult than his or her parents earned at the same age.

"The researchers say rising concentration of income among the richest Americans explains 70 percent of what has been a steady decline in absolute mobility from the baby boom generation to millennials, while a slowdown in economic growth explains just 30 percent...

"If you don’t have that kind of widespread economic growth across the income distribution, it’s tough to grow up and earn more than your parents,” Hendren said. “This is a distinct reason to focus on inequality."

A Bigger Economic Pie, but a Smaller Slice for Half of the U.S.

A Bigger Economic Pie, but a Smaller Slice for Half of the U.S.

December 6, 2016

The New York Times | Lawrence Katz, Elisabeth Allison Professor of Economics, comments on new study on U.S. economic inequality by Thomas Piketty, Emmanuel Saez and Gabriel Zucman. Also cited, the work of Claudia Goldin, Henry Lee Professor of Economics, and Katz on the race between education and technology as a driver of inequality.

Confiscated guns

America's Obsession with Powerful Handguns is Giving Criminals Deadlier Tools

December 5, 2016

The Trace | Cites David Hureau (Ph.D. '16), Assistant Professor in the School of Criminal Justice at SUNY Albany and an affiliate of the University of Chicago Crime Lab. Hureau, whose research focuses on the relationship between violent crime and social inequality, has studied the market for illegal guns.

Donald Trump’s Electoral College Win and the Enormous Hurdles for Reversal

Donald Trump’s Electoral College Win and the Enormous Hurdles for Reversal

December 4, 2016

Wall Street Journal | Cites Alexander Keyssar, Matthew W. Stirling Jr. Professor of History and Social Policy: “The amendment process is extremely difficult,” said Keyssar...who added that it nearly happened in 1969 when the House approved a proposal to reform the electoral process only to have it killed the next year by a Senate filibuster led by North Carolina Democrat Sam Ervin.

Impact 2016: Building Broad Prosperity

Impact 2016: Building Broad Prosperity

December 2, 2016

Center on Budget & Policy Priorities | Matthew Desmond talked housing policy with William Julius Wilson as the closing plenary speaker at the Center on Budget & Policy Priorities State Policy Conference in Washington, D.C. The three-day conference brought together policy experts, state leaders, and advocates to discuss policies to promote equity and prosperity.

House lawmakers passed the biggest health reform bill since the Affordable Care Act

House lawmakers passed the biggest health reform bill since the Affordable Care Act

December 1, 2016

Vox | Cites Daniel Carpenter, Allie S. Freed Professor of Government: "Carpenter, who wrote a history of the FDA, has called the bill the "19th Century Frauds Act." He continued: "The clauses on using purely observational data for drug approval and what amounts to anecdotal evidence for devices are deeply anti-scientific and would undermine the credibility of the American market for drugs and medical devices...This act would seriously undermine that credibility, and by extension the market as a whole."

Retail Investors Often Get Biased Financial Advice, Study Finds

Retail Investors Often Get Biased Financial Advice, Study Finds

December 1, 2016

Institutional Investor | "A trio of finance and economics professors [Antoinette Scholar (MIT), Sendhil Mullainathan (Harvard), and Markus Noeth (University of Hamburg)] concluded in a paper published in 2012 that retail investors really do need fiduciaries to shield them from poor financial advice. They finally got some protection in the Department of Labor’s so-called fiduciary rule, set to take effect in April 2017 — but the future of that rule now hangs in the balance, just as these researchers have produced fresh findings reinforcing their original conclusions."

The potential downside of automatic enrollment in 401(k) plans

The potential downside of automatic enrollment in 401(k) plans

December 1, 2016

Investment News | The practice boosts employees' savings rates, but it may also be financed in some cases by increases in consumer debt, according to new research in a forthcoming report by John Beshears (Harvard Business School), David Laibson (Dept of Economics), Brigitte Madrian (Harvard Kennedy School).

Likely Policies Under Trump

Likely Policies Under Trump

November 30, 2016

Harvard Gazette | Faculty from Harvard's Government Department—including Danielle Allen, Jennifer Hochschild, Claudine Gay—gathered for a post-election panel, "Trump's America: What's Next?," which explored what a Trump administration portends for voting rights, foreign policy, economics, and American democracy.

Donald Trump has every reason to keep white people thinking about race

Donald Trump has every reason to keep white people thinking about race

November 30, 2016

Vox | "There’s a growing body of research in political science and political psychology suggesting that even very mild messages or cues that touch on race can alter political opinions." Highlights work by Ryan D. Enos, Associate Professor of Government, who "sent pairs of native Spanish-speaking Latino men to ride commuter trains in Boston, surveyed their fellow riders' political views both before and after, and also surveyed riders on trains not used in the experiment as a control.

"'The results were clear,' Enos wrote in a Washington Post op-ed. 'After coming into contact, for just minutes each day, with two more Latinos than they would otherwise see or interact with, the riders, who were mostly white and liberal, were sharply more opposed to allowing more immigrants into the country and favored returning the children of illegal immigrants to their parents’ home country. It was a stark shift from their pre-experiment interviews, during which they expressed more neutral attitudes.'

"Dwell on that. Merely being in the presence of Latino people changed liberal voters’ attitudes on immigration. That’s among the most subtle cues imaginable. And this is a study conducted in the field, among real people, not in a lab."
View the research 

Latest awards

Roland Fryer is the 2015 John Bates Clark Medalist

Roland Fryer is the 2015 John Bates Clark Medalist

April 24, 2015

Awardee | Roland Fryer.
Awarded by the American Economics Association to "that American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge."

Laura Tach named a 2015 William T. Grant Scholar

Laura Tach named a 2015 William T. Grant Scholar

April 8, 2015

Awardee | Laura Tach (Ph.D. '10). The William T. Grant Scholars program selects 4-6 promising early-career researchers each year in the social, behavioral, and health sciences and supports their professional development with five-year research awards.

New RSF grant: How Rigid is the Wealth Structure and Why?

New RSF grant: How Rigid is the Wealth Structure and Why?

March 12, 2015

Awardees | Alexandra Killewald and Fabian Pfeffer (University of Michigan) are the recipients of a Russell Sage Foundation grant, jointly funded with the W.K. Kellogg Foundation, to assess the strength and pattern of multigenerational wealth associations, and explore the role of intergenerational transfers, home ownership and marriage in wealth mobility across generations.

Latest commentary and analysis

Jennifer Lerner

When risk means reward, angry CEO's dominate

May 25, 2017
PBS NewsHour | Psychologist Jennifer Lerner, Professor of Public Policy at Harvard Kennedy School, talks about what her research on anger, testosterone, and risk-taking can tell us about who rises to the top. (Video + transcript)
Douglas W. Elmendorf

The Republican Health Care Debacle: How Not to Make Public Policy

May 24, 2017

Foreign Affairs | By Douglas W. Elmendorf. "The development and passage of the ACHA is a case study in how not to make public policy," writes Elmendorf. Douglas Elmendorf is Dean of the Harvard Kennedy School and Don K. Price Professor of Public Policy. He served as the director of the Congressional Budget Office from January 2009 through March 2015.

Opportunity and Inclusive Growth Insitute

Opportunity & Inclusive Growth Institute Conference

May 22, 2017

Federal Reserve Bank of Minneapolis | Robert Putnam, Peter and Isabel Malkin Professor of Public Policy, joined the inaugural conference of the Opportunity and Inclusive Growth Institute, where he spoke in the opening panel on segregation and inequality. Putnam and Harvard economist Lawrence Katz both serve on the Institute's Board of Advisors.

Why Opportunity and Inclusion Matter to America's Economic Strength
Lael Brainard of the Federal Reserve Board of Governors delivered the keynote address, highlighting issues of employment, household financial health, the geography of opportunity, and affordable housing. She also drew attention to insights generated by the Boston Fed's Workng Cities Challenge.
View text of remarks
 

Earlier this spring Governor Brainard delivered the 2017 Malcolm Wiener Lecture in International Political Economy in the JFK Jr. Forum at Harvard Kennedy School.

Investigating the Causes and Consequences of Inequality

Investigating the Causes and Consequences of Inequality

May 18, 2017

Harvard Kennedy School PolicyCast | Professor David Deming (PhD '10) sits down with PolicyCast host Matt Cadwallader to talk about his new Harvard Kennedy School course, The Causes and Consequences of Inequality (SUP-206). If traditional jobs like manufacturing aren’t coming back, how can the economy adapt? How can the American education system better prepare the next generation for the needs of the modern economy? Deming's research grapples with these questions.

Harvard Presidential Task Force on Inclusion and Belonging: A Discussion with the Co-Chairs

Harvard Presidential Task Force on Inclusion and Belonging: A Discussion with the Co-Chairs

May 17, 2017

Harvard Gazette | This past fall, Harvard President Drew Faust convened a University-wide task force to examine ways to help Harvard thrive as a place where all members of its increasingly diverse community feel that they truly belong. The task force is co-chaired by James Bryant Conant University Professor Danielle Allen, director of the Edmond J. Safra Center for Ethics; Harvard Kennedy School Academic Dean Archon Fung, the Ford Foundation Professor of Democracy and Citizenship; and Vice President for Campus Services Meredith Weenick.

The task force’s co-chairs recently sat down with the Harvard Gazette to discuss this report, their first year, and what’s next for this important work.

U.S. Congress

The State of Social Capital in America

May 17, 2017

U.S. Congress Joint Economic Commitee | Professors Robert D. Putnam and Mario L. Small (PhD '01), joined by Charles Murray of the American Enterprise Institute and Yuval Levin, editor of National Affairs, testified before the Joint Economic Committee on the potential role for social capital in addressing U.S. economic and social challenges.

Robert Putnam, Peter and Isabel Malkin Professor of Public Policy, focused on two generational concerns: why social capital matters in narrowing the opportunity gap among today's children, and what a boomer generation "aging alone" portends for U.S. eldercare costs in the years ahead.
Read Robert Putnam testimony

Mario Small, Grafstein Family Professor of Sociology, discussed the evidence that "early education and childcare programs may be an especially effective venue to help low-income parents generate social capital,"..." that this social capital is beneficial, and that there is reason to believe that targeted interventions may help such programs maximize these benefits."
Read Mario Small testimony

Inherent Flaws

Inherent Flaws

May 15, 2017
Inside Higher Ed | By Natasha K. Warikoo (PhD '05), Associate Professor, Harvard Graduate School of Education. The author of a new book about diversity and admissions reflects on helping her son apply to a private school while she was reviewing applicants to a graduate program.
The American Dream Abides

The American Dream Abides

May 15, 2017
National Review | By Scott Winship (PhD '09).  Social mobility is still growing strong in the Land of Opportunity, Winship writes. Scott Winship is an honorary adviser to the Archbridge Institute, a new think tank focused on economic mobility. He currently works as project director for the Joint Economic Committee in the Office of Vice Chairmain Senator Mike Lee.
How Massachusetts provides education policymakers with research insights: An interview with Carrie Conaway, Chief Strategy and Research Officer, Massachusetts Department of Elementary and Secondary Education

How Massachusetts provides education policymakers with research insights: An interview with Carrie Conaway, Chief Strategy and Research Officer, Massachusetts Department of Elementary and Secondary Education

May 12, 2017

Gov Innovator Podcast | Andy Feldman (PhD '07) interviews Carrie Conaway (AM '01), Chief Strategy and Research Officer for the Massachusetts Department of Elementary and Secondary Education. Conaway was recently appointed by President Barack Obama to the National Board for Education Sciences. Feldman is currently a visiting fellow with the Center for Children and Families at the Brookings Institution.

What can (or should) activists learn from the tea party?

What can (or should) activists learn from the tea party?

May 11, 2017
Washington Post | By Vanessa Williamson and Theda Skocpol. Vanessa Williamson (PhD '15) is a fellow in governance studies at the Brookings Institution and author of the new book Read My Lips: Why Americans Are Proud to Pay Taxes (Princeton University Press, 2017). Theda Skocpol is the Victor S. Thomas professor of government and sociology at Harvard University and director of the Scholars Strategy Network.
Can Macron Pull It Off?

Can Macron Pull It Off?

May 9, 2017
Project Syndicate | By Dani Rodrik, Ford Foundation Professor of International Political Economy, Harvard Kennedy School.
The Ambition-Marriage Trade-Off Too Many Single Women Face

The Ambition-Marriage Trade-Off Too Many Single Women Face

May 8, 2017
Harvard Business Review | By Leonardo Bursztyn, Thomas Fujiwara, and Amanda Pallais. Harvard economist Amanda Pallais and co-authors discuss the findings of their latest research on marriage market incentives and labor market investments, forthcoming in the American Economic Review: "Many schooling and initial career decisions, such as whether to take advanced math in high school, major in engineering, or become an entrepreneur, occur early in life, when most women are single. These decisions can have labor market consequences with long-lasting effects," they write. 
View the research

Latest policy, research briefs, and expert testimony