You have JavaScript turned off! Javascript is required for the best experience on this site.

All News

News Coverage Oct 2, 2015

The Crimson: Larry Summers Talks Income Inequality at IOP

“Former University President Lawrence H. Summers argued for concrete public policy solutions to economic inequality in front of a crowded audience Thursday evening at the John F. Kennedy Jr. Forum. In a discussion called “The Challenge of Inclusion” with moderator John Authers, senior investment columnist for The Financial Times, Summers recommended policies such as progressive taxation and infrastructure investment…”

News Coverage Oct 2, 2015

Bloomberg Business: The Federal Reserve Has Some Advice for Your Love Life

“But a new working paper published at the Federal Reserve Board draws some conclusions that might help prevent your heart from deflating. Let's just say you'll never look at "credit unions" the same way again. Economists Jane Dokko, Geng Li, and Jessica Hayes presented their findings about the role that credit scores have in predicting the stability and potential longevity of a relationship that's starting to get serious…”

News Coverage Oct 1, 2015

Washington Examiner: Hey, babe, what’s your credit score?

“Furthermore, people with good credit tend to end up with other people with good credit, even after taking into account differences in economic and demographic characteristics. The connection comes about because "credit scores reveal an individual's relationship skill and level of commitment," say the authors, Jane Dokko of the Brookings Institution, Geng Li of the Federal Reserve Board and Jessica Hayes of UCLA."

News Coverage Sep 30, 2015

Project Syndicate: Making Higher Education Pay

“Higher education is a great investment, with each additional year of post-secondary education yielding a 10-15% return, on average. For university graduates, that means hundreds of thousands of dollars over a lifetime. Unfortunately, students aspiring to a higher education, especially those from low-income families and underperforming secondary schools, lack the information they need to make wise choices about where to go and what to study to maximize the return on their investment.”

News Coverage Sep 28, 2015

Bloomberg View: Education and Taxes Can’t Reduce Inequality

“The economists Bill Gale and Melissa Kearney (colleagues of mine at the Brookings Institution) and I recently looked into the tax-rate question and found that even a big increase in the marginal tax rate for top earners would have shockingly little effect on after-tax inequality. We modeled, among other scenarios, raising the top individual income tax rate to 50 percent from its current level of 39.6 percent…”

News Coverage Sep 24, 2015

Boston Globe: The importance of global health investment

“ONE OF the things I am proudest of having done in Washington was having the idea as chief economist of the World Bank that the bank should devote its annual World Development Report to making the case for improving both the quantity and quality of global health investment. The 1993 report, produced by a team led by renowned global health economist Dean Jamison, proved more influential than I could have hoped, not least because it drew Bill Gates into the global health arena…”

News Coverage Sep 24, 2015

Marketplace: What if it’s not just Volkswagen?

“Gauging the economic impact of a power plant’s worth of pollution is challenging, but it can be done. It’s the kind of thing University of Chicago economist Michael Greenstone does in his research: “Increased NOx emissions out of the car lead to higher ambient concentrations of ozone and possibly higher ambient concentrations of particulates, and then those two forms of air pollution in turn will lead to health problems.”

News Coverage Sep 24, 2015

NYT – The UpShot: The Connection Between Cleaner Air and Longer Lives

“Back in 1970, Los Angeles was known as the smog capital of the world — a notorious example of industrialization largely unfettered by regard for health or the environment. Heavy pollution drove up respiratory and heart problems and shortened lives. But 1970 was also the year the environmental movement held the first Earth Day and when, 45 years ago this month, Congress passed a powerful update of the Clean Air Act…”

News Coverage Sep 22, 2015

MarketWatch: Many Americans underestimate the value of a college degree

“…That information gap could be discouraging students from attending, particularly those who might benefit the most from a degree, the study’s findings suggest. In most cases, a college degree is a worthy investment because it improves employment outcomes — college graduates make more money, on average, than their counterparts with a high school degree. For students from low-income backgrounds, a degree can be one of the few tickets to economic mobility [finds The Hamilton Project]...”

News Coverage Sep 18, 2015

The Atlantic: Is the Awfulness of Income Inequality Mitigated by the Cheapness of Consumer Goods?

“…According to economist Melissa Kearney at The Hamilton Project, one other thing isn’t quite what it was 20 years ago: income inequality. In fact, it’s much worse: Between 1947 and 1975, a period of strong economic growth, the families at the bottom 20 percent saw their income grow by 90 percent. Compare that with the period from 1975 to 2010, when families in the bottom 20 percent only saw their income grow by 3.7 percent while the top 5 percent saw average income gains of 57 percent…”

News Coverage Sep 18, 2015

New York Times: Watching the Fed, and Remembering the Tequila Crisis

“…When Fed policy makers do eventually decide to move, they should emphasize that it is not the beginning of a relentless new tightening phase, said Robert E. Rubin, President Bill Clinton’s Treasury secretary from 1995-99. At the time of the initial rate increase, he said, Fed officials should make clear that future increases will only come if the data suggests the economy continues to strengthen and that higher interest rates and a tighter monetary policy are required to head off the clear risk of inflation…”

News Coverage Sep 16, 2015

Atlanta Daily World: Entrepreneurs of Color Fund now open for small Black businesses

“Michael Barr’s recent research, Minority and Women Entrepreneurs: Building Capital, Network, and Skills, published by the Hamilton Project of the Brookings Institution, calls for greater support for minority-owned and female-owned small businesses. “Minority-owned businesses, including those in Detroit, often lack access to credit, to essential skills needed to survive and grow, and to business networks for mentoring and new business opportunities,” said Michael S. Barr, Professor of Law at the University of Michigan…”

News Coverage Sep 16, 2015

Washington Post: Racial disparities in college major selection exacerbate earnings gap

“…To be sure, regardless of major median earnings of graduates with bachelor’s degrees are higher than the median earnings of high school graduates over the entire course of their career, according to a from the Hamilton Project. And other studies have found that over time liberal arts majors are employed at the same rates and can earn similar salaries as people with professional degrees…”