Please join us for a discussion about wealth inequality. Rising payoffs are a development professor Kevin Murphy, winner of the MacArthur Grant, calls beneficial and desirable.
Event Details
The labor market is placing a greater emphasis on education, dispensing rapidly rising rewards to those who stay in school the longest. This increase in the proportion of persons going on to higher education is found among all racial and ethnic groups, but it is particularly important for women, who, in 2004, outnumbered men as students in degree-granting institutions of higher education by 33 percent.
Why is the earnings gap widening? Should an increase in earnings inequality due primarily to higher rates of return on education and other skills be considered a favorable rather an unfavorable development?
Why haven't more high school graduates gone on to a college education when the benefits are so apparent?
For many, the solution to an increase in inequality is to make the tax structure more progressive- raise taxes on high income households and reduce taxes on low income households. Would these same individuals advocate a tax on going to college and a subsidy for dropping out of high school in response to the increased importance of education?
http://www.aei.org/publication/the-upside-of-income-inequality/
$7
Advance Registration Only
Program
6:00 PM-6:30 PM: Cocktails
6:30 PM-7:30 PM: Presentation
7:30 PM-8:00 PM: Audience Q & A
Speaker Profiles
Professor Kevin Murphy (Speaker)
www.chicagobooth.edu/faculty/directory/m/kevin-m-murphy
Winner of the John Bates Clark Medal
Questions
John Salvino, '06
Partner- Wealth Management Advisor