This talk will show how children’s chances of climbing the income ladder vary across neighborhoods, analyze the sources of racial disparities in intergenerational mobility, and discuss the role of higher education in creating greater income mobility.
um3detroit is an interdisciplinary gathering that brings together U-M's three campuses along with Detroit community partners to share and strengthen our connections to Detroit and each other.
Causal Inference in Education Research Seminar (CIERS)
Saumitra Jha, Stanford University will present Swords into Bank Shares: Financial Innovations and Innovators in Mitigating Political Violence in EDS Seminar on Tuesday, April 10 at 2:30pm in 201 Lorch Hall.
David Atkin, MIT on A New Engel on the Gains from Trade. Measuring the gains from trade and their distribution is challenging. Recent empirical contributions have addressed this challenge by drawing on rich and newly available sources of microdata to measure changes in household nominal incomes and price indices. While such data have become available for some components of household welfare, and for some locations and periods, they are typically not available for the entire consumption basket. In this paper, we propose and implement an alternative approach that uses rich, but widely available, expenditure survey microdata to estimate theory-consistent changes in income-group specific price indices and welfare. Our approach builds on existing work that uses linear Engel curves and changes in expenditure on income-elastic goods to infer unobserved real incomes. A major shortcoming of this approach is that while based on non-homothetic preferences, the price indices it recovers are homothetic and hence are neither theory consistent nor suitable for distributional analysis when relative prices are changing. To make progress, we show that we can recover changes in income-specific price indices and welfare from horizontal shifts in Engel curves if preferences are quasi-separable (Gorman, 1970; 1976) and we focus on what we term “relative Engel curves”. Our approach is flexible enough to allow for the highly non-linear Engel curves we document in the data, and for non-parametric estimation at each point of the income distribution. We first implement this approach to estimate changes in cost of living and household welfare using Indian microdata. We then revisit the impacts of India’s trade reforms across regions.
Interested in a career in Finance or Technology? Learn More From Professor Adrienne Harris!Adrienne A. Harris is a Professor of the Practice at the University of Michigan, as well as a Gates Foundation Senior Research Fellow with the Center for Finance, Law and Policy at the University. Adrienne also advises fintech companies, incumbent financial institutions, and large venture capital firms. Most recently, Adrienne was the Chief Business Officer and General Counsel a San Francisco-based, insur-tech start-up for which she is now an Advisor. Adrienne was a Special Assistant to President Obama for Economic Policy at the National Economic Council in the Obama White House. She spearheaded the development of the Administration’s fintech strategy, chairing both the Interagency Fintech Working Group and the Administration’s Distributed Ledger Technology Task Force. She came to the White House from the U.S. Department of Treasury where she served as Senior Advisor to the Deputy Secretary. Prior to coming to Washington, D.C., Adrienne was an Associate at Sullivan & Cromwell LLP in New York, where her practice included representing financial institutions in complex regulatory proceedings and M&A transactions. Adrienne earned her M.B.A. from New York University Stern School of Business with specializations in Economics and Management, her J.D. from Columbia University Law School, and her B.A. from Georgetown University.
Causal Inference in Education Research Seminar (CIERS)
Please join us as Janet Yellen visits the University of Michigan for a conversation with Susan M. Collins, Joan and Sanford Weill Dean of the Gerald R. Ford School of Public Policy.
Consideration of the the Trans-Pacific Partnership (TPP) trade agreement has been postponed until after the election, when it may come up for a vote in Congress. Ford School Professor Alan Deardorff will moderate this two-person panel on the pros and cons of the TPP.
Indo-Pacific Conference organized by International Policy Center and Center for Japanese Studies features a keynote by Susan Thornton, Assistant Secretary of State for East Asian and Pacific Affairs.
U. S. Department of the Treasury, Cash Room
Washington, DC
The U.S. Office of Financial Research and the University of Michigan’s Center on Finance, Law, and Policy will bring together regulators, policymakers, lawyers, economists, financial institutions, investors, financial technology companies, and experts on data science, cybersecurity, and finance.
The Gerald R. Ford School of Public Policy and Department of Economics will host a Festschrift titled 'Comparative Advantage, Economic Growth, and the Gains from Trade and Globalization' in honor of Alan Deardorff on Friday and Saturday, October 2-3, 2009. Princeton University professor and New York Times columnist Paul Krugman will deliver the keynote address on Friday, 10/2 at 3:00pm. Registration is required for the Festschrift.
Citi Foundation Lecture,
Policy Talks @ the Ford School
Rebecca Blank will deliver the Citi Foundation Policy Talks @ the Ford School keynote of the two-day Poverty, Policy, and People: 25 Years of Research and Training at the University of Michigan.
Please join Professor Susan Collins, the Ford School DE&I Officer, Stephanie Sanders and Global Engagement Program Manager, Cliff Martin for an info session about this exciting opportunity in global engagement.
This year marks the 100th anniversary of the founding of the Gerald R. Ford School of Public Policy. The Charge to the Class will be delivered by U.S. Senator Carl Levin (D-MI). This event is to be web streamed.
Causal Inference in Education Research Seminar (CIERS)
Susan Dynarski, co-director of Education Policy Initiative and Professor of Public Policy, Education and Economics at the University of Michigan, will be a featured presenter at TEDx Indianapolis. The Education Policy Initiative will host a viewing party of her livestreamed presentation. Snacks and drinks provided.
