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Public Education And Intergenerational Housing Wealth Effects
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Book Synopsis Public Education and Intergenerational Housing Wealth Effects by : Michael Gilraine
Download or read book Public Education and Intergenerational Housing Wealth Effects written by Michael Gilraine and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: While rising house prices benefit existing homeowners, we document a new channel through which price shocks have intergenerational wealth effects. Using panel data from school zones within a large U.S. school district, we find that higher local house prices lead to improvements in local school quality, thereby increasing child human capital and future incomes. We quantify this housing wealth channel using an overlapping generations model with neighborhood choice, spatial equilibrium, and endogenous school quality. Housing market shocks in the model generate large intra- and intergenerational wealth effects, with the latter accounting for over half of total wealth effects.
Book Synopsis The Effects of Housing Wealth on Education and Other Essays in Empirical Microeconomics by : Ryan Ruddy
Download or read book The Effects of Housing Wealth on Education and Other Essays in Empirical Microeconomics written by Ryan Ruddy and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is composed of three essays. The first essay, Family Resources and Secondary Education Investment: Evidence From the Housing Boom uses plausibly exogenous home price increases during the housing boom in the late 1990's and early 2000's to identify the effect of family resources on investment in secondary education. Exploiting the large spatial and timing variation of home price changes during this period, I find the average home price increase lowered the probability of dropping out of high school by age 19 by 1 percentage point, a 10% reduction. Consistent with an increased expectation of ability to pay for college, home price increases also raised the probability of completing a college preparatory curriculum and attending college. Students who reported low grades in eighth grade respond the strongest to home price increases suggesting that merit-based scholarship programs might be less beneficial than scholarship programs which are not contingent on ability. Black students of all ability levels are more likely to remain in high school in response to a home price increase. A mean change in home price decreased the probability of black students dropping out by 20%. The second chapter, The Effect of Housing Wealth on Labor Market Outcomes and Behavior, expands on the findings of Chapter 1 and previous literature that found a link between housing wealth and education by examining the impact of home wealth on adult labor market outcomes and behavior. Using the NLSY97, I measure the effect of a change in home price while in high school on income at age 26, job industry, criminal behavior, and community participation. I find evidence that home wealth shocks increase the probability of holding white collar jobs, increase wages, and positively impact behavior outcomes. These effects are likely manifesting through the increased education found in previous work. The final chapter examines the effect of the introduction of Sildenafil (Viagra) on marriage rates for elderly men in the United States. I exploit the sudden introduction and rise of Viagra use along with the difficulty in obtaining Viagra prescriptions for men with heart problems or history of stroke in a difference in difference framework to find the effect of Viagra on marriage rates. I find that men physically able to take Viagra which married prior to the introduction of Viagra were more likely to remain in their current marriage or enter a new marriage after Viagra's introduction. Furthermore, I find no evidence that the marital behavior of women was altered by health conditions at the time of Viagra's introduction.
Book Synopsis Persistence, Privilege, and Parenting by : Timothy Smeeding
Download or read book Persistence, Privilege, and Parenting written by Timothy Smeeding and published by Russell Sage Foundation. This book was released on 2011-09-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans like to believe that theirs is the land of opportunity, but the hard facts are that children born into poor families in the United States tend to stay poor and children born into wealthy families generally stay rich. Other countries have shown more success at lessening the effects of inequality on mobility—possibly by making public investments in education, health, and family well-being that offset the private advantages of the wealthy. What can the United States learn from these other countries about how to provide children from disadvantaged backgrounds an equal chance in life? Making comparisons across ten countries, Persistence, Privilege, and Parenting brings together a team of eminent international scholars to examine why advantage and disadvantage persist across generations. The book sheds light on how the social and economic mobility of children differs within and across countries and the impact private family resources, public policies, and social institutions may have on mobility. In what ways do parents pass advantage or disadvantage on to their children? Persistence, Privilege, and Parenting is an expansive exploration of the relationship between parental socioeconomic status and background and the outcomes of their grown children. The authors also address the impact of education and parental financial assistance on mobility. Contributors Miles Corak, Lori Curtis, and Shelley Phipps look at how family economic background influences the outcomes of adult children in the United States and Canada. They find that, despite many cultural similarities between the two countries, Canada has three times the rate of intergenerational mobility as the United States—possibly because Canada makes more public investments in its labor market, health care, and family programs. Jo Blanden and her colleagues explore a number of factors affecting how advantage is transmitted between parents and children in the United States and the United Kingdom, including education, occupation, marriage, and health. They find that despite the two nations having similar rates of intergenerational mobility and social inequality, lack of educational opportunity plays a greater role in limiting U.S. mobility, while the United Kingdom’s deeply rooted social class structure makes it difficult for the disadvantaged to transcend their circumstances. Jane Waldfogel and Elizabeth Washbrook examine cognitive and behavioral school readiness across income groups and find that pre-school age children in both the United States and Britain show substantial income-related gaps in school readiness—driven in part by poorly developed parenting skills among overburdened, low-income families. The authors suggest that the most encouraging policies focus on both school and home interventions, including such measures as increases in federal funding for Head Start programs in the United States, raising pre-school staff qualifications in Britain, and parenting programs in both countries. A significant step forward in the study of intergenerational mobility, Persistence, Privilege, and Parenting demonstrates that the transmission of advantage or disadvantage from one generation to the next varies widely from country to country. This striking finding is a particular cause for concern in the United States, where the persistence of disadvantage remains stubbornly high. But, it provides a reason to hope that by better understanding mobility across the generations abroad, we can find ways to do better at home.
Book Synopsis Education and Social Mobility by : Phillip Brown
Download or read book Education and Social Mobility written by Phillip Brown and published by Routledge. This book was released on 2017-10-02 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of education and social mobility has been a key area of sociological research since the 1950s. The importance of this research derives from the systematic analysis of functionalist theories of industrialism. Functionalist theories assume that the complementary demands of efficiency and justice result in more ‘meritocratic’ societies, characterized by high rates of social mobility. Much of the sociological evidence has cast doubt on this optimistic, if not utopian, claim that reform of the education system could eliminate the influence of class, gender and ethnicity on academic performance and occupational destinations. This book brings together sixteen cutting-edge articles on education and social mobility. It also includes an introductory essay offering a guide to the main issues and controversies addressed by authors from several countries. This comprehensive volume makes an important contribution to our theoretical and empirical understanding of the changing relationship between origins, education and destinations. This timely collection is?also relevant to policy-makers as education and social mobility are firmly back on both national and global political agendas, viewed as key to creating fairer societies and more competitive economies. This book was originally published as a special issue of the British Journal of Sociology of Education.
Book Synopsis Emerging Research on Social Security and Population Health: New Opportunities and Challenges by : Weike Zhang
Download or read book Emerging Research on Social Security and Population Health: New Opportunities and Challenges written by Weike Zhang and published by Frontiers Media SA. This book was released on 2024-06-12 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: The academic circle has discussed the relationship between social security and population health from various perspectives, including the mechanism and economic outcomes of social security affecting health, the impact of population health on social security sustainability, etc. Despite these aspects, it is note-worthy that in recent years, some new factors have emerged in the economic and social environment which need to be taken into consideration. For example, the rapid development of digital medical technology has improved the operation efficiency and health effect of medical insurance, while population aging may be detrimental to the health of older adults and increase their health burden by reducing the size of pensions. In addition, complex environmental changes can make the relationship between social security and population health more difficult to grasp. These new factors all requires more research to analyze.
Book Synopsis Education and Intergenerational Social Mobility in Europe and the United States by : Richard Breen
Download or read book Education and Intergenerational Social Mobility in Europe and the United States written by Richard Breen and published by Studies in Social Inequality. This book was released on 2020 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Digest of Education Statistics written by and published by . This book was released on 1969 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains information on a variety of subjects within the field of education statistics, including the number of schools and colleges, enrollments, teachers, graduates, educational attainment, finances, Federal funds for education, libraries, international education, and research and development.
Book Synopsis Heterogeneity and Persistence in Returns to Wealth by : Andreas Fagereng
Download or read book Heterogeneity and Persistence in Returns to Wealth written by Andreas Fagereng and published by International Monetary Fund. This book was released on 2018-07-27 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their financial assets (a standard deviation of 14%) and on their net worth (a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the return by 3 percentage points - and by 17 percentage points when the same exercise is performed for the return to net worth. Fourth, wealth returns exhibit substantial persistence over time. We argue that while this persistence partly reflects stable differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are (mildly) correlated across generations. We discuss the implications of these findings for several strands of the wealth inequality debate.
Book Synopsis Public Education in Turbulent Times by : Faiza M. Jamil
Download or read book Public Education in Turbulent Times written by Faiza M. Jamil and published by Springer Nature. This book was released on 2024-01-18 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public Education in Turbulent Times communicates a bold vision for the future of education, addressing the evolving purpose of American public education and the structural innovations schools are using to meet the needs of a rapidly transforming world. Highlighting key challenges that emerged during the immense economic and social disruptions of recent years, the book leverages case studies of four unique school districts where school communities overcame concerns high in the public consciousness – trauma, danger, economic inequality, and racial injustice. These obstacles have hampered efforts to reclaim lost learning opportunities that could define the educational experiences of a generation of students. If educators revert to business as usual, they risk dismissing essential lessons from resilient schools that thrived in the chaos of a global pandemic and its fallout. This book provides rich insights to refocus readers’ attention on achieving a more equitable and safe education system for the future.
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309452961 Total Pages :583 pages Book Rating :4.3/5 (94 download)
Book Synopsis Communities in Action by : National Academies of Sciences, Engineering, and Medicine
Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.
Download or read book Fair Progress? written by Ambar Narayan and published by World Bank Publications. This book was released on 2018-05-31 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fair Progress? Economic Mobility across Generations around the World focuses on an issue that has gotten much attention in the developed world, but will present new data and analysis covering most of the world including developing economies. The analysis considers whether those born in poverty or in prosperity are destined to remain in the same economic circumstances into which they were born, and looks back over a half a century at whether children's lives are better or worse than their parents' in different parts of the world. It suggests local, national, and global actions and policies that can help break the cycle of poverty, paving the way for the next generation to realize their potential and improve their lives.
Book Synopsis Education as a Lifelong Process by : Hans-Peter Blossfeld
Download or read book Education as a Lifelong Process written by Hans-Peter Blossfeld and published by Springer. This book was released on 2019-02-18 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: In modernen Wissensgesellschaften ist Bildung die zentrale Voraussetzung sowohl für die demokratische Teilhabe als auch für wirtschaftliches Wachstum und Wohlstand. Eine sich zunehmend rascher wandelnde, globalisierte Welt erfordert die Bewältigung neuer Anforderungen im privaten Leben und in der Berufs- und Arbeitswelt. Um mehr über den Bildungserwerb und seine Folgen für individuelle Lebensverläufe zu erfahren, um zentrale Bildungsprozesse und -verläufe über die gesamte Lebensspanne zu beschreiben und zu analysieren, wird in Deutschland aktuell das Nationale Bildungspanel aufgebaut.
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309483980 Total Pages :619 pages Book Rating :4.3/5 (94 download)
Book Synopsis A Roadmap to Reducing Child Poverty by : National Academies of Sciences, Engineering, and Medicine
Download or read book A Roadmap to Reducing Child Poverty written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2019-09-16 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: The strengths and abilities children develop from infancy through adolescence are crucial for their physical, emotional, and cognitive growth, which in turn help them to achieve success in school and to become responsible, economically self-sufficient, and healthy adults. Capable, responsible, and healthy adults are clearly the foundation of a well-functioning and prosperous society, yet America's future is not as secure as it could be because millions of American children live in families with incomes below the poverty line. A wealth of evidence suggests that a lack of adequate economic resources for families with children compromises these children's ability to grow and achieve adult success, hurting them and the broader society. A Roadmap to Reducing Child Poverty reviews the research on linkages between child poverty and child well-being, and analyzes the poverty-reducing effects of major assistance programs directed at children and families. This report also provides policy and program recommendations for reducing the number of children living in poverty in the United States by half within 10 years.
Book Synopsis How the Financial Crisis and Great Recession Affected Higher Education by : Jeffrey R. Brown
Download or read book How the Financial Crisis and Great Recession Affected Higher Education written by Jeffrey R. Brown and published by University of Chicago Press. This book was released on 2015-01-08 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.
Book Synopsis The Miner’s Canary by : Lani Guinier
Download or read book The Miner’s Canary written by Lani Guinier and published by Harvard University Press. This book was released on 2003-04-21 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Like the canaries that alerted miners to a poisonous atmosphere, issues of race point to underlying problems in society that ultimately affect everyone, not just minorities. Addressing these issues is essential. Ignoring racial differences--race blindness--has failed. Focusing on individual achievement has diverted us from tackling pervasive inequalities. Now, in a powerful and challenging book, Lani Guinier and Gerald Torres propose a radical new way to confront race in the twenty-first century. Given the complex relationship between race and power in America, engaging race means engaging standard winner-take-all hierarchies of power as well. Terming their concept "political race," Guinier and Torres call for the building of grass-roots, cross-racial coalitions to remake those structures of power by fostering public participation in politics and reforming the process of democracy. Their illuminating and moving stories of political race in action include the coalition of Hispanic and black leaders who devised the Texas Ten Percent Plan to establish equitable state college admissions criteria, and the struggle of black workers in North Carolina for fair working conditions that drew on the strength and won the support of the entire local community. The aim of political race is not merely to remedy racial injustices, but to create truly participatory democracy, where people of all races feel empowered to effect changes that will improve conditions for everyone. In a book that is ultimately not only aspirational but inspirational, Guinier and Torres envision a social justice movement that could transform the nature of democracy in America.
Download or read book Divested written by Ken-Hou Lin and published by Oxford University Press, USA. This book was released on 2020-01-06 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance is an inescapable part of American life. From how one pursues an education, buys a home, runs a business, or saves for retirement, finance orders the lives of ordinary Americans. And as finance continues to expand, inequality soars. In Divested, Ken-Hou Lin and Megan Tobias Neely demonstrate why widening inequality cannot be understood without examining the rise of big finance. The growth of the financial sector has dramatically transformed the American economy by redistributing resources from workers and families into the hands of owners, executives, and financial professionals. The average American is now divested from a world driven by the maximization of financial profit. Lin and Neely provide systematic evidence to document how the ascendance of finance on Wall Street, Main Street, and among households is a fundamental cause of economic inequality. They argue that finance has reshaped the economy in three important ways. First, the financial sector extracts resources from the economy at large without providing economic benefits to those outside the financial services industry. Second, firms in other economic sectors have become increasingly involved in lending and investing, which weakens the demand for labor and the bargaining power of workers. And third, the escalating consumption of financial products by households shifts risks and uncertainties once shouldered by unions, corporations, and governments onto families. A clear, comprehensive, and convincing account of the forces driving economic inequality in America, Divested warns us that the most damaging consequence of the expanding financial system is not simply recurrent financial crises but a widening social divide between the have and have-nots.
Download or read book Student Debt written by Sandy Baum and published by Springer. This book was released on 2016-07-20 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes reliable evidence to tell the true story of student debt in America. One of the nation’s foremost experts on college finance, Sandy Baum exposes how misleading the widely accepted narrative on student debt is. Baum combines data, research, and analysis to show how the current discourse obscures serious problems, risks misdirecting taxpayer dollars, and could deprive too many Americans of the educational opportunities they deserve. This book and its policy recommendations provide the basis for a new and more constructive national agenda to make paying for college more manageable.
