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STEM classes, especially computer science and engineering, are increasingly popular on college campuses, often because they are seen as offering better employment prospects and higher earnings. What happens to this early STEM pay premium in the long run? Kadeem Noray from Harvard talks about his research with David J. Deming on how changing job skills affect the career dynamics of people majoring in STEM.
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Despite significant process of industrialization in developping countries across the world, agricultural land is still a vital resource for three out of four of the poorest billion individuals in the world. How does land ownership inequality vary across countries and regions of the world? How different is the picture if we account for land area and value, or for the landless population? Yajna Govind gives a full picture of global land inequality.
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Do politicians know enough about voters to adequately represent them? Are they responsive to new information about their constituency? How does it affect the representation of marginalized groups?
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Lydia Assouad revisits the "Arab Inequality puzzle" : survey estimates suggest that inequality in the Middle East is not particularly high. In reality, the Middle East is the most unequal region in the world, with both enormous inequality between countries and large inequality within countries.
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What would have been the economic impact of COVID-19 in a less integrated world? Is trade openness a good or a bad thing to mitigate the shock of a pandemic? How can we quantify the welfare effect of such a large disruption in production? Alessandro Sforza explains why the economic effects of a pandemic crucially depend on the extend to which countries are connected in global production networks.
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The COVID-19 pandemic has affected the U.S economy at an incredibly rapid pace. Michael Stepner presents his most recent work with Opportunity Insights. Combining anonymized data from private companies, the Opportunity Insights Economic Tracker provides a real-time picture of how the economy is performing. How and where do people spend their money? Who are the most vulnerable workers? Where are located the most affected businesses? What is the impact of state-ordered reopenings, small business loans and stimulus checks on consumption?
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Inequality is one of the most pressing issues in the public conversation.
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