SOCI201 Lecture Notes - Lecture 12: The American Economic Review, Sendhil Mullainathan, Human Capital

• School: University of Delaware
• Department: Sociology
• Course: SOCI201
• Professor: Snyder, Jennifer

Document Summary

A field experiment on labor market discrimination. the american. 5% increase for blacks from lower quality resume to higher quality not helping them get a job: affects the degree in which people can insure jobs. Income: annual earnings, usually related to your employment and what you right off on your tax returns. Wealth: total assets (net worth), savings, properties, land, how much you have cumulated by the end of the year. In the us (2017): the top 20% of the country holds the majority of the income (approx. 23% of the income and 37% of the wealth. Income and wealth in the us: mean vs. median income in the us- survey of consumer finances, https://www. federalreserve. gov/econres/notes/feds-notes/recent-trends-in-wealth- holding-by-race-and-ethnicity-evidence-from-the-survey-of-consumer-finances- Information technology revolution: end of the 20th century- emergence of a new technological paradigm (centered around information technologies: 4th industrial revolution- coming age of automation and artificial intelligence.