SPRING 2003

Racial Bias in Hiring
Are Emily and Brendan More Employable than Lakisha and Jamal?
Though racial inequality in the U.S. labor market is understood as a persistent problem even today, it has been difficult to measure how such discrimination works. Do employers actively discriminate against African-American job applicants? Can such discrimination be proven? What is the effect of improved credentials for African-Americans? A new study offers the answers.
Research by Marianne Bertrand

Don't Blame the System
Why Capitalism Must be Saved from the Capitalists
Capitalism has always been seen as an instrument for the rich to get richer. A new book turns this view upside down: Capitalism is instead a system that fundamentally benefits everyone, especially the have-nots.
Research by Raghuram Rajan and Luigi Zingales

How Much are Nonexistent Earnings Worth?
Throwing Away Cash to Report False Earnings
How much will firms spend to perpetuate accounting fraud? New research indicates that some firms are willing to burn through their cash to inflate their financial statements.
Research by Merle Erickson

Financial Education Starts at Home
Understanding the Relationship Between Parent and Child Wealth
The similar economic position of parents and children is partly determined by how well parents teach their children to save.
Research by Erik Hurst