Tag Archives: income

Equality of opportunity – for what?

By Daniel Mahler and Xavi Ramos The notion that individuals ought to have equal opportunities in life is popular among politicians, the general public, and philosophers alike. It is deeply embodied in the American Dream and has resonated with politicians … Continue reading

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Unpaid graduate internships: Career boost or bust?

The rising prevalence of unpaid internships as a gateway to highly competitive careers in law, politics, creative industries, media and publishing, and the sciences, has raised concerns about diminishing social mobility, and raised questions about whether and how interns benefit … Continue reading

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How the world’s largest social pension reform is transforming family old-age care

By Xi Chen (Yale University and IZA) Social pensions are designed to provide the elderly population, especially those with low lifetime incomes, basic protection against poverty in old age. In 2009 China introduced a government subsidized social pension system called … Continue reading

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What is the cost of falling victim to violent crime?

Violent crimes, be it physical and sexual assault, robbery or homicide, unfortunately are still common in any society. From an economic point of view, being a victim to a violent crime imposes significant direct monetary costs (through forgone wages and … Continue reading

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Socio-economic background shapes children’s personality

In many countries, people find it hard to climb up the economic ladder. According to a recent IZA paper, one of the reasons for social immobility is that parents’ education and income are important predictors of children’s personality traits. Wealthy … Continue reading

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Inequality — a hot topic in public debates and IZA research

Inequality has been rising in many countries over the last decades, making it a hot topic in current academic and public debates. While the increasingly unequal distribution of wealth and income can lead to political unrest, too narrow distributions may … Continue reading

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Girls benefit most from attending an elite school

Parents have strong preferences for sending their children to the best schools available. There seems to be a general perception that graduating from a elite school equals winning a lottery in life chances. Empirical evidence though tells a different story, … Continue reading

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