In the absence of more jobs, heroic assumptions about educational improvement are likely to deliver only modest economic benefits.
Marshall Steinbaum was a Research Economist at the Center for Equitable Growth. His research focused on long- and short-run trends in the macro labor market, including the importance of geographic and job-to-job mobility and the role of wage setting and market structure in explaining anomalous labor market outcomes, as well as their implications for inequality and social mobility. He was involved in Equitable Growth’s long-term research projects and developed institutional capacity and outreach to the economics profession. Marshall earned a Ph.D. from the University of Chicago Department of Economics in 2014 and a B.A. in Philosophy, Politics, and Economics from Oxford University in 2005.
“Big Thinkers” about the role of technology in the U.S. economy are roughly divided into two camps when it comes to the consequences of rapid technological change on the U.S. […]
In “Capital in the 21st Century,” Thomas Piketty of the Paris School of Economics proposes an economic theory of rising inequality over time thanks to the growing prevalence of capital […]
University of Queensland economics professor John Quiggin of Crooked Timber recently published an excellent blog post questioning the usefulness and empirical success of the dominant macroeconomic model of the labor […]
French economist Thomas Piketty’s treatment of housing as capital in his blockbuster “Capital in the 21st Century” is not an excuse to ignore his predictions about rising economic inequality. “Capital […]
Trying to get more enrolled college students to undertake the cost of finishing their degrees might lead to yet further tuition hikes, especially if that route receives government subsidies, without significantly improving their outcomes in...
Gary Burtless of the Brookings Institution takes issue with widely publicized findings that income inequality in the United States has reached the level that prevailed in the 1920s, when the […]