Hans Fricke, Jeffrey Grogger, Andreas Steinmayr, 23 July 2015

The field that a college student majors in can affect labour market outcomes. But we know little of how exposure affects a student’s choice of major. This column shows that exposure to economics increases the probability to major in economics by 2.6 percentage points. This finding is driven by choices of male students. Exposure to the field then does not explain why relatively few women major in economics.

Melissa S. Kearney, Phillip B. Levine, 16 July 2015

Early childhood education has important effects on the academic readiness and ultimate life chances of children. This column examines how the introduction of the educational television show Sesame Street in the US affected primary school outcomes for disadvantaged children. Those from counties that had better access to the broadcast had superior educational outcomes through their early school years. These effects were particularly pronounced for black, non-Hispanic children, and those living in economically disadvantaged areas. The extremely low cost per child of such interventions make them ideal for addressing educational inequality in childhood.

Jakob de Haan, Dirk Schoenmaker, 06 July 2015

The financial crisis brought with it many challenges, both to prevailing disciplinary tenets, and for research and policy more generally. This column outlines the lessons that can be drawn from the financial crisis – issues like financial market failures, macro-prudential policy, structural changes of the financial system, and the European banking union. It argues for the inclusion of these topics in curricula for the next generation of finance students.

Nico Voigtländer, Hans-Joachim Voth, 18 June 2015

Radical beliefs and violent hatred are back in the headlines and worrying policymakers around the world. This column discusses new research that suggests that, in the case of Nazi Germany, subjecting an entire population to the full power of a totalitarian state was extremely effective in instilling lasting hatred. Extremist views are still three times higher among Germans born in the 1930s than those born after 1950. However, family and the social environment can isolate young minds from the effects of indoctrination at least to some extent.

Melissa S. Kearney, Phillip B. Levine, 28 May 2015

Compared to other developed countries, the US ranks high on income inequality and low on social mobility. This could be particularly concerning if such a trend is self-perpetuating. In this column, the authors argue that there is a causal relationship between income inequality and high school dropout rates among disadvantaged youth. In particular, moving from a low-inequality to a high-inequality state increases the likelihood that a male student from a low socioeconomic status drops out of high school by 4.1 percentage points. The lack of opportunity for disadvantaged students, therefore, may be self-perpetuating.

Other Recent Articles: