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☆ It pays to have rich friends — and whether you have them depends a lot on where you live
▼ + stars: | 2024-03-25 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +1 min

Harvard research indicates friendships with richer people are linked to upward economic mobility. AdvertisementBefriending rich people can do a whole lot to boost your economic mobility, but you need to be able to find them first. Research from Harvard economist Raj Chetty has shown that friendships with richer people are linked to upward economic mobility. But to do that, you need to live in areas where you'll be able to mix across income levels. That's because, among children who grow up in areas where lower-income kids have more higher-income friends, there's "much higher rates of upward mobility."

Persons: —, Raj Chetty, Chetty Organizations: Harvard, Service, Research, Business

☆ New SAT Data Highlights the Deep Inequality at the Heart of American Education
▼ + stars: | 2023-10-23 | by ( Claire Cain Miller | Francesca Paris | ) www.nytimes.com time to read: +13 min

When we account for how few poor students take the test, by looking at all students, a new and greater disparity emerges. It’s a reflection of an inequality in American education that starts long before high school. New SAT Data Highlights the Deep Inequality at the Heart of American EducationNew data shows, for the first time at this level of detail, how much students’ standardized test scores rise with their parents' incomes — and how disparities start years before students sit for tests. And in the last five decades, as the country has become more unequal by income, the gap in children’s academic achievement, as measured by test scores throughout schooling, has widened. Parenting in places with less income inequality and more public investment in families is more playful and relaxed, research shows.

Persons: ”, Sean Reardon, Reardon, “, —, John N, Friedman, Brown, Raj Chetty, David J . Deming, Deming, Ann Owens, Owens, Rich, Chetty, “ It’s, Nate G, Hilger, Drew Angerer, Robert Putnam, “ ‘, you’re, “ They’ve, they’ve, Jesse Rothstein Organizations: ACT, of American Education, Opportunity, Harvard, Stanford Graduate School of Education, Chetty, University of Southern, Research, The New York Times, University of California Locations: University of Southern California, Berkeley

☆ Explore How Income Influences Attendance at 139 Top Colleges
▼ + stars: | 2023-09-11 | by ( Aatish Bhatia | Claire Cain Miller | ) www.nytimes.com time to read: +8 min

Explore How Income Influences Attendance at 139 Top CollegesAt many selective private colleges, being very rich is a door to entry — students with parents earning in the top 1 percent attend at much higher rates than other similarly qualified students, new data shows. The data is available for 139 colleges, including the top private colleges according to Barron’s and many of the top public and private colleges in U.S. News & World Report. The researchers also had access to internal admissions data for several of the most elite private colleges. In much of the next tier of elite private colleges, rich students have a similar advantage. Even though college attendance rises with parental income, when it comes to educating the majority of America’s four-year college students, public universities play a vital role — regardless of how much their parents make.

Persons: Raj Chetty, Deming, Friedman, Professor Chetty, John N . Friedman of Brown, David J . Deming, ”, Jesse Rothstein, Chetty, They’re Organizations: U.S . News, Harvard, Dartmouth, Chetty, Ivy League, University of California, Stony Brook University, Carnegie Mellon Locations: U.S, Dartmouth, Georgetown, Berkeley, Los Angeles, California, Swarthmore, Wellesley

☆ High-income Americans rarely mix with poorer people. Restaurants like Applebee's and Olive Garden are the exception.
▼ + stars: | 2023-08-26 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +4 min

Americans are even less likely to mix with people from different socio-economic classes than pre-pandemic. New research shows that affordable, chain restaurants are the exception. "The most socio-economically diverse places in America are not public institutions, like schools and parks, but affordable, chain restaurants," Massenhoff and Wilmers write. But there are some places where Americans of different incomes congregate: The aforementioned chain restaurants. At somewhere like Panera, poorer Americans are more likely to meet non-poor Americans, but not the other way around.

Persons: Maxim Massenhoff, Nathan Wilmers, lockdowns, it's, Raj Chetty Organizations: Service, Naval Postgraduate School, Harvard University, Massachusetts Institute of Technology, Harvard Locations: Wall, Silicon, America, Boston, Dallas, Seattle, Los Angeles, Chili's

It has been well established that legacies have an advantage in elite college admissions. But the new data was the first to quantify it by analyzing internal admissions records. They used more recent data, including the income tax records of graduates of the dozen top colleges in the study, to analyze their post-college outcomes. They estimated that legacy students were no more likely than other graduates to make it into the top 1 percent of earners, attend an elite graduate school or work at a prestigious firm. “This isn’t about unqualified students getting in,” said Michael Hurwitz, who leads policy research at the College Board and has done research on legacy admissions that found similar patterns.

Persons: Friedman, Raj Chetty, David J . Deming, Harvard —, ”, Michael Hurwitz, Biden Organizations: Harvard, College Board, Civil Rights, Education Department

The study — by Opportunity Insights, a group of economists based at Harvard who study inequality — quantifies for the first time the extent to which being very rich is its own qualification in selective college admissions. The result is the clearest picture yet of how America’s elite colleges perpetuate the intergenerational transfer of wealth and opportunity. Less than 1 percent of American college students attend the 12 elite colleges. For the several elite colleges that also shared internal admissions data, they could see other aspects of students’ applications between 2001 and 2015, including how admissions offices rated them. Share of admitted students who were recruited athletes at selected elite colleges Recruited athletes at elite colleges were much more likely to come from the highest-earning households.

Persons: ”, Susan Dynarski, Raj Chetty, John N . Friedman of Brown, David J . Deming, Christopher L, “, Neil Gorsuch, didn’t, Ivy, Dynarski, Pell, You’re, Michael Bastedo, Bastedo, John Morganelli, don’t, It’s, you’re, Jana Barnello, Stuart Schmill, “ It’s Organizations: Elite College, Ivy League, Opportunity, Harvard, Stanford, Duke, University of Chicago, Harvard Graduate School of Education, Princeton, Notre Dame, Public, University of Texas, University of Virginia, Fortune, University of Michigan, New York Times, Dartmouth, University of Michigan’s School of Education, Cornell, College Board, Brown, University of California Locations: M.I.T, America, Northwestern, N.Y.U, Austin, United States, California, U.C.L.A

☆ Opinion | Let’s Smash the College Admissions Process
▼ + stars: | 2023-06-01 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

Within days or weeks, the Supreme Court is going to render a decision on the future of affirmative action in higher ed. If things go as expected, conservatives will be cheering as these policies are struck down — and progressives will be wailing. But maybe we can all take this moment to reimagine the college admissions process itself, which has morphed into one of the truly destructive institutions in American society. The modern college admissions era was launched over half a century ago with the best of intentions — to turn finishing schools for the Protestant establishment into talent factories for all comers. In that same year, students from the top income quintile were 16 times more numerous at the University of North Carolina, a state school, than students from the bottom quintile.

Persons: —, Raj Chetty Organizations: Ivy League, University of North Locations: University of North Carolina

☆ Arena Football League relaunches with first Black commissioner of a professional sports league in the US
▼ + stars: | 2023-02-01 | by ( John Lynch | ) www.businessinsider.com time to read: +4 min

The Arena Football League (AFL) is relaunching under new leadership and plans to resume play in 2024, Insider has learned. Lee A. Hutton III, the new AFL commissioner, will become the first Black commissioner of a professional sports league in the US. In assuming his role as the new AFL commissioner, Hutton will become the first Black commissioner to lead a professional sports league in the United States. AFL commissioner Lee A. Hutton III. We believe we have assembled a world-class, operational team made up of C-Suite executives, expert sports trainers, football personnel, performance facilities, legal partners, professional team owners and former athletes."

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