Tuesday, May 08, 2007
I'm thinking of temporarily changing my heading to "Reporting about Inequality from workstation 9"
In this weeks CEPR news letter, they announced a workshop in Washington on Income inquality. A line said,
"This workshop should be of particular interest to anyone who thinks that the important question is not what's happening on Wall Street, but how well is the economy working for all us"
Always my sentiment. The one big reason that's holding me back from wanting to enter head on into the field of Finance. Because I believe that there are more pressing issues we have to deal with. However, if the losers in those Wall street crashes were the wealthy, then maybe temporarily the economy would be better off. But thats just wishful thinking.
My thesis is currently on wage inequality in China and India. I wanted to put up something, but currently its all math. When my theory is well substantiated I will put up a short article on my proposition.
The book CEPR is promoting is available at
http://thenewpress.com/index.php?option=com_title&task=view_title&metaproductid=1540
On this other hand, a more interesting and more controversial point of view is expressed by GM and his friends(I seem to think that they are very text book bound) is available at
http://www.american.com/archive/2007/may-june-magazine-contents/the-upside-of-income-inequality/
...The upside of income inequality!! The argument is fascinating and timely, since I am researching into the costs of education people are willing to bear to become skilled and avail a higher wage. Especially with regard to China and India. Maybe I will find some non monotonicity in wage inequality when I get my bloody matlab program running.
Hopefully by this weekend, I'll have a small write up.
Do post comments on your views of income inequality that you see around you. Regional, Urban-rural, inter industry or intra industry etc.
In this weeks CEPR news letter, they announced a workshop in Washington on Income inquality. A line said,
"This workshop should be of particular interest to anyone who thinks that the important question is not what's happening on Wall Street, but how well is the economy working for all us"
Always my sentiment. The one big reason that's holding me back from wanting to enter head on into the field of Finance. Because I believe that there are more pressing issues we have to deal with. However, if the losers in those Wall street crashes were the wealthy, then maybe temporarily the economy would be better off. But thats just wishful thinking.
My thesis is currently on wage inequality in China and India. I wanted to put up something, but currently its all math. When my theory is well substantiated I will put up a short article on my proposition.
The book CEPR is promoting is available at
http://thenewpress.com/index.php?option=com_title&task=view_title&metaproductid=1540
On this other hand, a more interesting and more controversial point of view is expressed by GM and his friends(I seem to think that they are very text book bound) is available at
http://www.american.com/archive/2007/may-june-magazine-contents/the-upside-of-income-inequality/
...The upside of income inequality!! The argument is fascinating and timely, since I am researching into the costs of education people are willing to bear to become skilled and avail a higher wage. Especially with regard to China and India. Maybe I will find some non monotonicity in wage inequality when I get my bloody matlab program running.
Hopefully by this weekend, I'll have a small write up.
Do post comments on your views of income inequality that you see around you. Regional, Urban-rural, inter industry or intra industry etc.
Labels: Economics
# posted by qq @ 10:01 PM 
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